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Economy

Banks Fear A Foreclosure Tsunami

Banks fear a property tsunami so are allowing investors to extend their interest-only loans.

Post author By Heise Says
Post date 24/05/2020

#Finances #Economy #HeiseSays

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References

Interest-only loan reprieve coming as banks try to avoid a financial storm, but investors fear it’s not enough

https://www.abc.net.au/news/2020-05-23/interest-only-home-loan-reprieve-coming-from-banks/12276196

Tags Australia, Banks, Finances, home loans, Interst Only, Investment, Melbourne, Property, Real Estate, Sydney