Posted Wednesday, 15 February 2017 at 11:55 by Shape Home Loans
Tagged: LVR for investors | APRA lending laws | Loan for investor | Investors | interest rates | tax deductible | interest only | Tax | Equity Release
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Commonwealth Bank has today announced an increase in interest rates for Investor Variable Interest Only Home Loans and Viridian Line of Credit Loans.
These changes will be effective from 3 April 2017
If you like to change your loan to Principle and interest repayment this can be done for free by contacting our office (firstname.lastname@example.org OR 1300 745626)
Note: Other banks has not made any announcements.
Out of the big 4 banks; Only ANZ does not have a difference in rate for interest only or principle and interest repayments- we expect ANZ to make a simliar move very soon.
Most smaller lenders and credit union also don't against discriminate interest only repayments loan.