Mortgage stress

Font size :
 
Q.  I am struggling to keep up with my mortgage repayments due to other financial commitments, how can I continue to meet repayments without falling behind on other bills?

A. There are many borrowers who are struggling to manage all of their financial commitments, but there is a way to beat mortgage stress. 

Refinance: One of the mistakes that many borrowers make is that they don’t regularly review their home loan. You may find that there are more competitive options available in the market now that could save you a significant amount of money. 

Negotiate: If you are happy with your current lender, then consider negotiating with them. The mortgage market is extremely competitive and lenders will not want to lose you as a customer. So, they may be more willing to negotiate in order to keep you.

Budget: When was the last time you reviewed your budget? Your circumstances are regularly changing, so why shouldn’t your budget? You may find areas where you can cut down more and put those savings towards your mortgage. Some examples include: Pay TV, eating out expenses and gym memberships.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Sep 20, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords