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CBA toughens home loan assessments to give APRA comfort – The Australian Financial Review

The move revealed to mortgage brokers comes the day after the Council of Financial Regulators revealed APRA had sought assurances…

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The assessment of most loans is done using the buffer rate. The CBA standard variable rate is 4.27 per cent: adding 2.5 per cent to this means many customers are assessed at whether they can repay an annual interest rate of 6.77 per cent.
CBA said many…

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