Borrowers need to be ready for the cash flow effects of moving from interest-only loans to generally higher repayments on principal & interest loans.
principal and interest loan
Mortgage broker says 3% mortgage still possible
Mortgage broker James Grima says it still possible for borrowers to secure mortgage rates that start with a ‘3’. Mr Grima said that sub 4% interest rates are possible if borrowers are prepared to accept principal and interest loan repayments on their home loans.
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