The Commonwealth Bank has today launched protection for owner-occupied homeowners by paying their loan repayments for up to a year if they, their spouse or dependent passes away or is diagnosed with a terminal illness.
Mortgage brokers will soon be required to act in the best interests of borrowers and not push them into taking out high interest loans when better deals are available.
The Reserve Bank Governor has addressed the major issues weighing on Australian minds at the moment, including the drought, the bushfires and coronavirus.