Now is the time to borrow and invest

Last week, treasurer Joe Hockey said “now is the time to borrow and invest” while interest rates are low.

Most lenders are now offering mortgage loans under five per cent. There are at least 12 lenders now offering loans under four per cent.

The lowest mortgage rates currently available are around the 3.6 per cent range.

Financial planner Rex Whitford said people should only invest in assets they understand and guard against being lured into investments promising very high incomes.

Source: Herald Sun

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