Want to relieve your

mortgage stress?

We can help with your home loan payments.
Get started with a FREE

tailored budget plan

  • Initial 10 min chat
  • Private & confidential
  • Obligation-free
Select a callback time

For 25 years, MyBudget has helped 130,000+ Australians fast track their financial goals by reducing their debt and building savings.

For 25 years, MyBudget has helped 130,000+ Australians reduce debt and grow savings.

In the past 2 years we’ve helped over 100 clients save $530,000+ on their mortgages by negotiating lower rates and payments.

We can help with your home loan stress with a FREE mortgage health check


Create a budget

Your financial position may have changed over the life of your loan. A tailored budget plan will show you exactly how to reduce your mortgage stress.

mortgage stress

Mortgage health check

Our FREE mortgage health check will give you an idea of whether your home loan is still right for you and whether your lender is still offering you a competitive rate.
mortgage stress

Reduce home loan repayments

Know your options. Reduce repayments. Use your redraw facility to access excess funds. Swap to interest only repayments.
50 percent off

Mortgage refinancing

Are you paying too much for your mortgage? We’ll go the extra mile to help manage your home loan repayments, free up cash and potentially save thousands.

Mortgage arrears

Our experts can negotiate with your lender to create affordable payment arrangements including capitalising arrears if needed.
mortgage stress
You don’t have to do it alone

Let us take the stress away by doing all the work for you. And a FREE call is all it takes.

mortgage stress
Megan & Creagh | Clients since 2018

Stop struggling with mortgage stress

If you’re struggling with your mortgage repayments, we’re here to help. We’ll put a plan in place that helps you get on top of your home loan repayments, pay down debt faster and create savings.

Mortgage Stress FAQs

What is considered to be mortgage stress?

Mortgage stress is often the cause of borrowers experiencing financial stress and not being able to make their minimum monthly repayments.
With all of these recent interest rate rises, it’s not difficult to imagine that a household income committing to a once affordable mortgage loan is now experiencing high mortgage stress levels.

Borrowers who are struggling financially may be forced to go into financial hardship, which could lead to further financial problems down the road.

How do you know if you’re in mortgage stress?

You’re considered to be under mortgage stress if you are worrying as to whether you’d be able to make the minimum mortgage repayment.
Borrowers may fall behind on payments due to job loss, illness, divorce, or any number of other factors.

Many financial institutions require borrowers to prove that they can afford to repay their loans, however due to changes in circumstances that come from life’s many curveballs, borrowers may find it difficult to consistently meet these requirements for an extended period of time.

How do you relieve mortgage stress?

Fortunately, there are many ways to alleviate mortgage stress.
Financial stress is often caused by not being able to determine how you’re tracking financially. It’s a fear of the unknown.

The best way to know what you can expect is to have a budget that shows where your money is going on a daily, weekly and monthly basis.

What if my expenses are higher than my income?

This is a very common scenario. We may negotiate with your creditors to obtain the lowest monthly payment obligation that fits within your personal or household budget.
We also offer suggestions on how you can tailor your expenses to reflect your income.

Does MyBudget provide financial advice?

MyBudget is a budgeting, debt solutions, and money management service. We provide a range of structure and support services associated with managing your personal expenses. While we do hold an Australian Financial Services Licence (AFSL) and Australian Credit Licence (ACL), we are not financial advisors and offer general financial advice only. For personal financial advice or financial product recommendations, we recommend you seek the services of a licensed financial advisor.

What budgeting services and solutions does MyBudget offer?

We do all the work so you don’t have to worry. Our dedicated team will set up your MyBudget account where all of your bills, savings and payments are managed for you.
We do the heavy lifting that relieves money worries. Using income deposited into your MyBudget account, we pay your bills, set aside savings, and automate your finances so you can achieve your financial goals.

How can I fix my mortgage stress?

When facing times of financial stress, it’s important to be as proactive as possible.
There are many ways to tackle mortgage stress, including creating a budget, refinancing your mortgage, consolidating your personal debt into your home loan, and more.

Our team will work with you to create a plan that is tailored to your unique circumstances.

Can’t find what you’re looking for? More FAQs.

Don’t just take our word for it

We’re often featured in many trusted sources

MyBudget offers an amazing service. Doesn’t matter the depth of debt you have, they don’t turn people away but help find solutions and create a suitable budget. Very helpful every step of the process. Staff were easy to talk to and were very understanding. Thank you for caring.

MyBudget clientDecember 2023
We have always enjoyed MyBudget. The peace of mind knowing that when you upload a bill, that it will be paid on time. The 12-month savings forecast is the best out there and a huge motivator to continue to grow your savings. I never saw them as an expense, but instead an investment in skilled money managers.

Tony & RhondaClient since 2019
I have been with MyBudget for around 15 years. In that time, I have become debt free, saved a house deposit and they facilitated a home loan for me. The people at MyBudget have organised my finances so that all my bills are paid on time. My mortgage is paid, I have plenty of money to live on, plus I can still save money.

Gary NicolJune 2021
Wow, where do I start? If you want to see your home paid off, all your bills paid on time, savings and your dream holiday, please give MyBudget a call. My home is nearly mine; I nearly lost it but since I’ve been with MyBudget, the mortgage is going down and never been late. Most of all, the people on the phone never ever rush you. Whenever I get off the phone, I’m smiling. They are very passionate about helping you.

HeatherApril 2022