Approximately 730,000 mortgage-holders with interest-only terms have been urged to prepare for a sharp rise in repayments over the next 12 months.
According to an analysis of data from the Australian Prudential Regulation Authority (APRA) by comparison site Finder, roughly 730,000 interest-only (IO) home loans will convert to principal and interest (P&I) in 2020.
Click HERE to read to full article published by Mortgage Business on 26 February 2020.
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