Suffering From Mortgage Stress?
You are not alone.
Also known as “Mortgage Distress” – it is experienced by thousands of everyday Australians who are behind on mortgage repayments – often because of life’s circumstances.
A softening economy will mean employment rates will continue to increase even though the cash rate may come down.
All the while, people will continue to spend more than they earn using their credit cards and bad personal debt.
This leaves them short to make their mortgage repayments – if this trend continues they will face home repossession within months not years.
Mortgage Stress in Western Sydney is a growing concern.
There has been much debate in the last few years over the what can be done about the rising cost of housing in western sydney. Other neighboring cities like Parramatta and Randwick are also forcing average families to have very large mortgages.
Many live under the threat of house repossession by the banks due to non repayment of debt. This kind of a financial stress is not good for a healthy living and for a happy family. A house is called a home when you confide in it, but the same house when causes stress, it no longer remains a home.
Mortgage Stress is a major problem that affects Millions of everyday Australians.
And many are struggling to keep up with their mortgage repayments.
The banks have helped the people to lend the money but it is now time that the people help themselves.
Acquiring a mortgage is not a difficult task.
Banks are willing to approve as many loans as they can – along with surcharges and fees, this is how they make their billion dollar profits.
Unfortunately many people fall into this debt trap due to unforeseen financial crises, but there are also many who suffer from not being able to repay their mortgage for the first time due to lack of foresight and careless planning of finances.
Approaching a professional help is the best solution to the financial stress.
They provide you the best guidance on how to manage your mortgage stress and also on how to get out of it. Their suggestions come with knowledge and experience.
They understand the market conditions and can also predict future trends. All this comes with time and skills. And when you are under such a situation, it definitely means that you are either unfortunate to have suffered unexpected financial emergencies, or have got your math terribly incorrect and you need to start over the right way.
If you are falling behind on your Mortgage Repayments – and you don’t know what to do next call Property Solutions for Australia on (02) 8006 0420 and we can help you analyze the best options for you – BEFORE it’s too late!
Alternatively you can 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!”