interest rate hikes

Home Loan Stress from Interest Rates Hike

As some of the big banks have raised their interest rates higher than the Reserve Bank, many Australians are looking for a way to defuse their mortgage stress.

By refusing to pass on all interest-rate reductions, inflating the Reserve Bank’s increases or adding hikes of their own, the banks have widened the gap between the cash rate and their key interest rates by as much as 1%.

If you’re struggling with home loan repayments you may want to consider refinancing your home loan. Refinancing can allow you to access cheaper interest rates or even unlock the equity in your home to renovate, buy an investment property or consolidate debt. The Australian Lending Centre has years of experience helping people to refinance to achieve these goals.

[…]

By |May 20th, 2011|Categories: Refinance and Refinancing|Tags: , , , , |Comments Off on Home Loan Stress from Interest Rates Hike

Australian’s Quest for McMansions Causing Debt to Sky Rocket

The idealism surrounding Australian home buyer’s quest for their own four bedroom McMansions, is causing debt to sky rocket. The need to obtain a piece of the Australian Dream with families entering hefty mortgages is causing added stress to household’s nation wide.

The McMansion, featuring four or more bedrooms accounts for 60 per cent of the 1.2 million houses and apartments erected since 1995, the Inquirer has found. […]

By |May 12th, 2011|Categories: Debt Management|Tags: , , |Comments Off on Australian’s Quest for McMansions Causing Debt to Sky Rocket