Sep 24

If you need Help when Behind on Mortgage Payment you are not alone! Statistics show that even though we are behind on Mortgage Arrears rate compared to the United States, people behind on Mortgage has doubled in the past 3 years, with the greatest number of Arrears being in the NSW region. With those who have borrowed around 2003 boom being the most at risk.

The rise in Mortgage Arrears or being behind on your mortgage has increased with the lowering of Credit standards and policies, with higher LVR ratios and the ability to borrow more for your $$$ being a possible factor.

Contact Us if you are looking for Help when Behind on Mortgage Payment or Simply Apply for a Loan now.

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Aug 12

For the un-intitiated, this is the last situation your would want to find yourself in. Home Loan Arrears is the situation where the agreed repayments for a loan is behind, and the payments have accrued over the loan amount agreed upon in the original Loan Agreement.

If the monthly interest repayment is $1500 each month and you have missed 2 monthly payment. Then your Home Loan would be $3000 in arrears.

There would normally be legal and other fees associatted to a Home Loan Arrears situation.

For more information on Home Loan Arrears Contact Us for more information directly.