Interest-only loan reset hurting borrowers despite the rate cuts | 7.30

Last year, the RBA warned that about half a trillion dollars worth of interest-only mortgages are due to expire. Mortgage holders face a big jump in repayments when they start to repay the principal as well as the interest. Now thousands of borrowers are facing that reality.

Read more here: https://www.abc.net.au/news/2019-10-28/interest-only-reset-hurting-borrowers-despite-rate-cuts/11637350

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Видео Interest-only loan reset hurting borrowers despite the rate cuts | 7.30 канала ABC News (Australia)