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Interest-only loans inappropria...

Interest-only loans inappropriate for most owner-occupiers: ASIC

Banks and mortgage brokers have been put on notice that they will be pursued by the Australian Securities and Investments Commission unless they tighten up their selling of interest-only loans to home buyers.

Banks and mortgage brokers have been put on notice that they will be pursued by the Australian Securities and Investments Commission unless they tighten up their selling of interest-only loans to home buyers.…

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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