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    Can you service your existing debts if rates rise to 10% or 18%

    If Unemployment rises significantly then we could see rates increasing significantly as well.
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    Can you service your existing debts if rates rise to 10% or 18%

    I like this comment ''Trust me. We won't have RBA rates going up to 5% in the next 10 years'' Anything can happen in global economies. Only last year American was on the brink of defaulting on their budget and many economists suggested hikes in world interest rates. We are a small economy...
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    Can you service your existing debts if rates rise to 10% or 18%

    Ive just refinanced my IP and serviceability was proven based on the current int rates. I topped up my loan and have borrowed maximum that I could. I fixed my rate 5 yrs for many reasons and now will know what my cash flow will be. Its cheap finance at this fixed rate as rates are low. The...
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    Can you service your existing debts if rates rise to 10% or 18%

    Just a general discussion here.... Are there any old esteemed members of this forum who had debts in the late 80's / early 90's when rates were 18%. I was a youngster then but remember my parents having their business loan, home loan and overdrafts on the clinics. They had to pay the private...
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