Rob, yes. If less $$ is spent on loan repayments then more $$ is left to spend.

But….

1. As I understand it Derivex has pretty tight servicibility criteria (I looked at my own situation and realised I could borrow $40k less than I currently have if I used Derivex – and I know I can still borrow more atm using the big banks). So this actually…[Read more]

Lumwood – what the RBA has said is that interest rates have yet to reach what they consider to be a neutral level. While this does, on the face of it, appear to be RBA speak for “rates will rise” it is not as simple as that. They have been saying this for months now. And?? No rate rises. Economists (of which I am one) refer to this as…[Read more]