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​Lender competition driving longer loan options

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Australian Broker | 20 Feb 2014, 08:07 AM Agree 0
As property prices continue to rise and lenders fight for market share, borrowers are increasingly opting for loans with terms of up to 40 years – and brokers are being warned to be cautious.
  • Smoke & Mirrors | 20 Feb 2014, 10:59 AM Agree 0
    I think we all know that the 40yr loan term is just a gimmick & is really simply designed to get more mileage out of the servicing assessment test (calculator). Pls tell me how many loans they really expect to run the full 40years?? ROFLMFAO
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