Search: borrower
RBA Glossary definition for borrower
borrower – A person or entity that incurs a debt to a lender on agreed terms.
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The Rise in Household Liquidity
10 Nov 2021
RDP
2021-10
A redraw facility enables the borrower to withdraw excess funds they have already contributed to pay off their loan. ... This is because borrowers that select mortgages with such features could be systematically different from those that do not, and
https://www.rba.gov.au/publications/rdp/2021/2021-10/full.html
Stylised Facts about Household Liquidity
10 Nov 2021
RDP
2021-10
This is because borrowers that select mortgages with such features could be systematically different from those that do not, and these systematic differences could reflect a range of borrower characteristics, some ... Similarly, borrowers with loans
https://www.rba.gov.au/publications/rdp/2021/2021-10/stylised-facts-about-household-liquidity.html
Household Liquidity and Mortgage Debt Dynamics
10 Nov 2021
RDP
2021-10
To examine the effect of these mortgage products on household liquidity, we study the liquid asset accumulation of borrowers in the HILDA Survey. ... We can split borrowers into those that report either having a home equity loan or have refinanced since
https://www.rba.gov.au/publications/rdp/2021/2021-10/household-liquidity-and-mortgage-debt-dynamics.html
The Rise in Household Liquidity and Falling Interest Rates
10 Nov 2021
RDP
2021-10
Consider a stylised example. There are two borrowers of the same age, income and housing wealth. ... rate. However, the first borrower took out the loan when interest rates were higher than the other borrower.
https://www.rba.gov.au/publications/rdp/2021/2021-10/the-rise-in-household-liquidity-and-falling-interest-rates.html
Institutional Features of the Australian Mortgage Market
10 Nov 2021
RDP
2021-10
A redraw facility enables the borrower to withdraw excess funds they have already contributed to pay off their loan. ... The balance of the facility consists of any extra payments the borrower has previously made towards paying their loan, above the
https://www.rba.gov.au/publications/rdp/2021/2021-10/institutional-features-of-the-australian-mortgage-market.html