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Articles by Mario Borg

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Mario is professionally qualified as an MBA, a qualified Accountant, and a Finance Strategist with over 30 years experience in financial services. Mario has personally built a multi-million dollar property portfolio and is an active and passionate property investor and developer. Mario has been acknowledged by the mortgage industry with multiple awards. Visit http://www.marioborg.com.au/


Credit is tightening… so what can you do about it?
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Credit is tightening… so what can you do about it?

Australia’s banking watchdog APRA is worried about the housing market overheating and exploding. To counteract this perceived risk, APRA has changed the rules of play which Authorised Deposit-Taking Institutions (ADIs) must adhere to when assessing loan applications. Read APRAs letter here. In summary, APRA expects ADIs to adhere to the following:  Limit the flow of new interest-only (IO)…

Are Interest Only loans still your best option?
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Are Interest Only loans still your best option?

Interest rates are a hot topic right now.  Up until recent times, home loan rates were identical to investment loan rates. Over the last few months, banks have been slowly increasing interest rates to the point where Interest Only (IO) loans are 1% higher than Principal & Interest (P&I) loans. With a 100 basis points’ price difference, one must consider whether it still makes financial sense…