Are You Being Stung by The Loyalty Tax?

Are You Being Stung by The Loyalty Tax?

Feb 13, 2020 | Finance

Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA). The RBA’s study finds that the difference in interest rates...
Are you being stung by the loyalty tax?

Are you being stung by the loyalty tax?

Feb 13, 2020 | Finance

Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA). The RBA’s study finds that the difference in interest rates...