RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Refinancers caught in the crossfire of OZschwitz watchdog’s tightening plan Wed Oct 18, 2017 5:09 pm | |
| Some Australian home owners looking to refinance their mortgage to reduce debt have discovered they are “stuck” with their current loan due to stricter rules enforced by the banking regulator.
One lender says tighter controls are penalising people with a good credit history on loans granted before the Australian Prudential Regulation Authority (APRA) tightened rules in 2015, which leave them unable to take advantage of better offers.
Tougher rules, refined in March, are aimed at improving banks’ and households’ balance sheets and include limiting new interest-only loans to 30 per cent of the market at loan-to-value ratios (LVRs) above 80 per cent, while the buffer for borrowers to service their loans has widened.
https://www.domain.com.au/money-markets/refinancers-caught-in-the-crossfire-of-apras-tightening-plan-20171017-gz2js5/ _________________ Anarcho Capitalists Retail , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
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