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Interest-only borrowers brace for mortgage crunch

Queensland property investor Peter Button "grabbed the profit and ran" when his interest-only loan expired and he realised that refinancing would trigger a hefty increase in repayments.

Interest-only borrowers brace for mortgage crunch
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"I saw a refinancing issue coming over the horizon, it was easier to just get rid of it," said Mr Button who recently sold his two-bedroom apartment in the Brisbane CBD.

Read the full article on the Australian Financial Review.

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