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  1. WattleIdo

    What sort of impact will all this tightening of serviceability have on the market?

    It is what it is.
  2. WattleIdo

    What sort of impact will all this tightening of serviceability have on the market?

    Interesting. In 2011 my IO loan was in the 7's and the P&I variable I changed to (for a switch fee of $200) was in the 6's. The P&I rate continued to drop and the IO stayed higher. Now it's the other way around. I have a fixed IO with offset at 4.09 while my variable is at 4.82 going down to...
  3. WattleIdo

    What sort of impact will all this tightening of serviceability have on the market?

    I know it's simplistic but while IO loans are offered with much lower interest rates than P&I loans, they're obviously the better option. I get the impression that IO is the new black and it's here to stay. :confused:
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