Category Archives: mortgage stress

Mortgage Arrears

Mortgage Arrears Definition Have you heard of the term Mortgage Arrears? Generally it means that a home owner is not up to date with their mortgage and in breach of their repayment agreement with their lender. This is potentially a … Continue reading

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Home Loan Rates To Rise

Where there’s smoke there is usually a little flame. The Assistant Governor of the Reserve Bank yesterday fanned these flames by complimenting home loan lenders on their increased levels of loan application scrutiny. He particularly lauded Westpac and Commonwealth Bank … Continue reading

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RBA Interest Rate Cut Wasted

Our Australian real estate economy as I call it, continues to teeter on the brink of disaster. I call it the real estate economy, because if you are like me, my house is my most important asset and my life … Continue reading

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Check Your Mortgage Documents

Check Your Mortgage Documents Unfortunately, I know someone who is having to sell their home at the behest of a Lender. This is real mortgage stress. The lender has demanded a loan be repaid or refinanced within 30days. So much … Continue reading

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Mortgage Stress Relief For Some!

Variable rate home loan borrowers are rejoicing the recent rate cuts, but fixed rate home loan borrowers may need a new plan. The Housing Industry Association (HIA), Australia’s peak housing construction body reports that home loan borrowers with a $250,000 … Continue reading

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Home Loan Rates To Tumble

Home Loan Rates in the 5% range not out the question. Continued pessimism and low clearance rates for property sales in Australia has led to a chorus of economists predicting official interest rates will be near zero by 2010. Home … Continue reading

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The Sky Is Falling

Is The Main Stream Media Talking The World Economy Down for Better Ratings The main stream media has been responsible for a lot of unhelpful babble in recent days, especially in the relentless, unthinking, 24/7 TV media. The pretty talking … Continue reading

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Counselling For The Mortgage Stressed

The Australian Federal Government will pump a further $3.5 million dollars of federal funding into 41 local government and community organisations to make financial counselling available free of charge for individuals and families who have got them selves into a … Continue reading

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Mortgage Insurance No Stress Reliever.

The global credit meltdown has bought all forms of mortgage and mortgage guarantee insurance firmly into the lime light. However the mortgage insurance they are talking about in the US is significantly different to the Australian version. Under the Australian … Continue reading

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Mortgage Stress Effects Property Investors

Some tempory mortgage stress relief. Tenants not paying on time or behind, unable to make your interest payment on your rental property loan? Don’t use your own money, consider setting up an interest only line of credit allowing capitalisation of … Continue reading

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