Mortgage Arrears

Frequently asked questions related to mortgage arrears issues.

May 14, 2020

What default interest rate am I paying?

Default interest rates are charged when a mortgage is in default. Consequently, all lenders will charge you a default interest rate on your home loan. However, […]
May 14, 2020

Can I refinance when I have bad credit?

Lenders classify a mortgage in arrears as bad credit. Therefore, by the nature of the mortgage in arrears refinance, they will accept other bad credit. However, […]
May 14, 2020

What causes mortgage in arrears?

Many causes contribute to a home loan arrears; as can be read in the Reserve Bank of Australia (RBA) report. As such, an arrears problem is most likely […]
May 14, 2020

If I can’t refinance can I get help with other mortgage arrears solutions?

There are several other solutions to consider when you are behind on your home loan repayments. However, you may not be able to capitalise you mortgage […]