16 August 2011
Mortgage holders have been given another reprieve, with the Reserve Bank of Australia (RBA) leaving the official interest rate unchanged at 4.75 per cent at its meeting today. The cash rate has been sitting at 4.75 since November last year and was widely predicted by industry experts to remain stable this month. RBA Governor Glenn [...]
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16 August 2011
Q: When does a loan becomes ‘yours’ and at what date are lenders obligated to lend you money on the terms and conditions they have specified? On the day we took out our mortgage the bank informed us that a new $8 per month account keeping fee was now going to be charged on the [...]
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