140 results tagged "debt":
coronavirus cost of pausing mortgage payments

Pausing your mortgage payments could cost you $17,000

Taking a repayment pause from your mortgage will help save the finances of many Australians in hardship. But it will also cost them on the other side of the coronavirus crisis. How much more you pay depends on the pausing policy of your bank. If your ... More
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cait flanders blondonabudget @caitflanders minimalism the year of less budgeting

Reprieve for small businesses hit by coronavirus

Small businesses are set to get a reprieve after the Australian Competition and Consumer Commission (ACCC) gave the go-ahead for banks to defer principal and interest repayments for loans to small businesses affected by coronavirus. "We consider that ... More
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when your interest only mortgage expires

What to do if your interest-only mortgage is expiring

Interest-only (IO) mortgages were increasing in popularity year-on-year until early 2017, but have fallen out of favour since. They mostly benefit investors looking for high-growth returns and tax deductibility on their property; however, a small portion ... More
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