Posts tagged defaulted
When Would I Refinance My Mortgage?
When Would I Refinance My Mortgage?

Whenever it makes financial sense to do so.

Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. Here we look at some of the reasons people in Australia refinance their home loan.

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Finance Broker, Interest Rate, Refinancingnadia raicevichrefinance, refinancing, mortgage, mortgage broking, defaulted, rates, interest rates, interest repaymentComment
How to avoid loan default
How to avoid loan default

 

Late payments and loan defaults leave marks on a credit history that can complicate any effort to refinance or secure a loan in the future. Default can also lead to a home being repossessed and sold by the lender, so it’s very important to act quickly to avoid it.

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Finance Brokernadia raicevichLoan, bill payments, Financial Rights Legal Centre, FRLC, repossession, defaultedComment