Business
The Government wants to make it easier for you to get a mortgage amid the coronavirus recession — but there’s a catch – ABC News
The Federal Government wants to relax lending rules, which would make it easier for Australians to access personal loans and mortgages.
It will soon be easier for Australians to take out mortgages and refinance their home loans while small businesses will be able to access more money under Federal Government plans to change credit laws, to mitigate the effects of the COVID-19 pandemic.
Key points:
- The Government says the current credit laws are outdated, particularly during the COVID-19 crisis
- The changes will remove the burden on banks to ensure people do not take out loans they cannot afford
- The polic…
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