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What would Tim and Tina loan repayments be

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Question - Most lenders stress test loan repayments by adding an additional 2-3% on to the loan repayments to make sure a borrower can afford the repayments. If interest rates moved 3% higher, what would Tim and Tina's loan repayments be and do you think they would be able to cope with the extra repayments?

Reference no: EM132933015

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