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What Are Interest-Only Business Loan Payments?
If you’re having trouble making small-business loan payments, you may be able to work with your lender to temporarily switch to interest-only payments. Interest-only payments are exactly what they sound like. Instead of paying both principal and interest on a small-business loan, you temporarily pay just the interest. This reduces your monthly payments, sometimes by a lot. For example, if…
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Know How You Close Your Mortgage Loan in Just 15 Days? (thelendingmamba.com)
What can you do to help clients who can only afford an Interest Only business loan? Here's the solution.... https://www.homesec.com.au/second-mortgages.html #smallbusiness #smallbusinessloans #interestonly #homesecbusinessfinance https://www.instagram.com/p/B5v1KkOFSro/?igshid=1woxhrk3l3ojc
Banking regulator moves to scrap limit on interest-only home loans
Banking regulator moves to scrap limit on interest-only home loans
The banking regulator will remove its cap on interest-only mortgage lending, saying the restriction has served its purpose of reining in higher-risk loans and bolstering banks' credit standards.
With national house prices falling at their quickest pace since the global financial crisis and lending to property investors at a virtual standstill, the Australian Prudential Regulation…
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Australia's corporate watchdog to investigate interest-only home loans
Australia's corporate watchdog to investigate interest-only home loans
Wed, Oct 11, 2017 – 12:33 PM [SYDNEY] Australia’s corporate watchdog said on Wednesday it will scrutinise individual home loan records to ensure that mortgage providers are not unfairly selling risky interest-only loans to make quick profits. Interest-only loans are massively favoured by speculative property investors taking advantage of generous tax breaks, driving rapid gains in housing prices…
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Endowment plan: Need-to-know advice on interest-only mortgage repayment problems There has been a sharp rise in the number of property sales by cash-strapped owners in the past two years as they struggle to pay down the capital on their loan.
