Business
CBA toughens home loan assessments to give APRA comfort – The Australian Financial Review
The move revealed to mortgage brokers comes the day after the Council of Financial Regulators revealed APRA had sought assurances…
The assessment of most loans is done using the buffer rate. The CBA standard variable rate is 4.27 per cent: adding 2.5 per cent to this means many customers are assessed at whether they can repay an annual interest rate of 6.77 per cent.
CBA said many…
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