Brace for even higher repayments on your home loan | General

9% seems to be the number for now.....with the latest announcement to increase the prime lending rate to 9%, Gary Phelps says that shouldnt surprise people at all."take a cautionairy stance going forward" is what Phelps recomends property buyers should do, when budgeting to purchase a property.calculate the installment at 11% to ensure that you are able to afford the insallment once the interest rates are further increased.watch the video below for full talk by Phelps on this topic.

https://www.youtube.com/watch?v=kRzkMa5p4gQ

 

 

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