Navigating the complex housing market landscape is not easy for many Australians, and for the first home owners it could be daunting. One significant problem many prospective home buyers are facing is extra thousands of dollars expenses on lenders mortgage insurance (LMI). This gives another substantial financial burden for new …
Read More »What happens if I can’t pay my mortgage and what are my options?
From July 1, 2022, under the terms of a financial hardship arrangement, a customer’s credit report will show they have made on time repayments for the period of the arrangement – providing they have followed the terms of the hardship agreement. Andrew Grant, University of Sydney With rising costs of …
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