The risk of 'liar loans': Can overstretched borrowers cope with higher interest rates? - Sydney Morning Herald

Millions of Australians have pushed the envelope on mortgage applications to get a foothold in the housing market. Now they face the threat of higher interest rates.

While its sad that people feel the need to mislead or lie on their loan applications, we do not take our customers at their word, and actually the law requires that we do not, Elliott said. Even so,… [+2568 chars]

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