Australian borrowers react to changes affecting extra mortgage payments

Reports say new mortgage rules may remove the popular practice of making extra repayments, with Suncorp borrowers reportedly bracing for shocks as ANZ's acquisition nears. Details of the rule changes are not in the items.

Timeline

1. 21 Oct, 21:20 UTCFirst appeared on Google Trends
2. 21 Oct, 21:20 UTCYahoo Finance Australia reports loss of savings trick
3. 21 Oct, 21:20 UTCNews.com.au covers extra payment shock

Top sources

• anz suncorp acquisition mortgage repayment spikeGoogle Trends
• Aussies lose popular savings trick under new mortgage rules: 'Knocks off your cash flow"Yahoo Finance Australia
• Suncorp Bank borrowers brace for mortgage shock as ANZ switch nearsMortgage Professional America