ISCOVER
As more borrowers roll off their super-low fixed rates and try to refinance, many are finding themselves unable to pass serviceability tests. Annie Kane takes a look at why more loans are hitting the buffers, and what lenders are doing about it
The word ‘mortgage’ may literally mean ‘death contract’, but, for many borrowers, the term has more recently come to feel more like a prison sentence, than a death contract.
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