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CommBank lowers serviceability rate for refinancers

CommBank follows Westpac in implementing modified assessment rules for refinancers.

Rate Money settles $5bn in loans in four years

Westpac loosens serviceability rules for refinancers

Westpac is allowing select refinancers to undergo a modified serviceability test, in the aim of helping borrowers get out of the mortgage program.

Lenders begin tweaking serviceability buffers

Several lenders have begun lowering their serviceability assessments for certain borrowers in a bid to help more customers refinance.

Serviceability buffer makes refinancing difficult, expert says

Rate Money CEO Ryan Gair is calling for the Australian Prudential Regulation Authority (APRA) to change the rules, particularly in terms of loan serviceability, for home loan refinancers.

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