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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
Gianni La Cava and Lydia Wang
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
Gianni La Cava and Lydia Wang
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
Gianni La Cava and Lydia Wang
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
Gianni La Cava and Lydia Wang
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
Gianni La Cava and Lydia Wang
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