Mortgage Stress is experienced by millions of everyday Australians.
The reasons people find themselves in mortgage stress are varied and diverse.
Experience shows us there are some common steps to tackling mortgage stress and regaining control of your financial future for yourself and your family.
Getting a home loan is relative easy for most people who are working or employed at the time… but sometimes life throws unexpected events our way – some of which are out of our control.
Like a sickness.
Or changes in loan interest rates.
This is why paying back a mortgage is not always easy, In most cases people are already using 30% to 40% of their personal income to re-pay their mortgage.
Mortgage Stress is a national problem – especially as interest rates and unemployment rise together.
If you find yourself experiencing Mortgage Stress – take a breathe!
All is not lost.
There is a light at the end of the tunnel.
The first thing you must do is call your back or lender and let them know you’re having trouble meeting the repayments.
Ask them about re-financing options or extending your loan terms so that your monthly amounts become more manageable for you.
Cut up your credit cards, store cards and any other type of personal credit you have access to. Many of these forms of personal credit have interest rates of up 20%.
Then get advice from someone you can trust.
This is why we have put together a special report titled “7 actions you can take immediately when you can’t pay your mortgage!”
It will help you to get back on top of your financial situation, and hopefully avoid your home being repossessed by your bank or lender.
Get in touch with Property Solutions for Australia today. Call us on (02) 8006 0420 for a “No-Obligation” consultation.
>>> CLICK HERE and get instant access to a FREE report on the “7 actions you can take immediately when you can’t pay your mortgage!”