why do I have mortgage stress

Mortgage stress rising. Rent or buy?

... of mortgage stress in Australia. The dream of owning a home has turned ... being crippled by their mortgage payments. Home ownership has ... of mortgage stress in Australia. The dream of owning a home has turned ... economic times and we have perfect conditions for mortgage stress. Lifelong renting is ...

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Home loan rate cuts: how to budget the savings

... their customers. For the average mortgage holder, the saving represents around ... ... in two-and-a-half years. Do you have sufficient emergency funds? Overuse of ... to financial stress. If this sounds familiar, use your mortgage surplus to ...

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First home buyers get into further debt

... comes next? The Australian newspaper has reported that a survey of ... five have racked up extra debt on top of their mortgage in ... ... institutions often target borrowers who have mortgages and you'll quickly find yourself ... on multiple mailing lists. Why is it important to resist ...

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RBA interest rate cut: what does it mean for you?

Yesterday, the Reserve Bank of Australia (RBA) cut the official interest rate by 0.25% to 3.0%. What does that mean for you and what will interest rates look like in ... institutions in the country. MoneyTalks: Why does the RBA set interest ... are spending less on mortgage repayments and have more disposable income to ...

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The best of times, the worst of times

... exactly the same, which is why there are no one-size-fits-all financial ... ... exactly the same, which is why there are no one-size-fits-all financial ... with money. I already had my own mortgage, but we started putting ...

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The Hidden Costs of Buying a Home — Revealed!

... on the average home purchase. Why do lenders talk about a ... ... their risk. Canstar explains, “Lender's Mortgage Insurance is a condition of ... home loan repayments.” To avoid having LMI added to your repayments ...

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Manage good debt, minimise bad debt

... a home rely on a mortgage to be able to do ... ... afford to pay back. That's why it's important to understand the ... in home values in Australia have made mortgages a good long-term investment. ...

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5 dangers of balance transfers

... debt and stress as a result. Let's talk about why a balance ... ... debt and stress as a result. Let's talk about why a balance ... requirements, you're probably going to have to pay on time and ...

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Too many bills, not enough money

This article appears in issue 3 of Samara Magazine, a free online magazine for women business owners and entrepreneurs. Helping people to succeed and achieve their life ... real challenge, that's why it's important to have a personal budget to ... often issue default notices after mortgage payments have been missed for three ...

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Banks relax lending rules for renters who want to buy

In December 2010, BankSA announced that it would follow St George's lead in allowing potential borrowers to use their history of rental payments as evidence of their ... The change in lending policy has received mixed reactions. Supporters argue ... and conveyancing fees, bank fees, mortgage insurance (if applicable), moving costs ...

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Making sense of the banks’ mumbo jumbo

Want to get a home loan? Confused by all the different mortgage products? Here's a handy translation guide for making sense of the banks' mumbo jumbo. ... Scott Matthews. He has years of experience in the mortgage broking industry ... , debt consolidation and loans for mortgage or business with flexible terms ...

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How to choose the right insurance for you

... budgeting expert Tammy May explains why insurance should be an essential ... ... , financial situation and priorities. That's why you should review your insurance ... your home or have a mortgage? Recent natural disasters have highlighted that many ...

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Making sense of mortgage jargon (part 1)

... ? Nope. Both are examples of mortgage jargon used by banks and ... ... current tax returns or they have more cash flow than their ... , debt consolidation and loans for mortgage or business with flexible terms ...

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Challenge your spending habits

The Aussie credit card bill has reached nearly $50 billion. Much ... of this debt has been racked up buying consumer ... The Aussie credit card bill has reached nearly $50 billion. Much ... on an average Australian home mortgage. Total wasteful consumption amounts to ...

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Savings: how much is enough?

As people take control of their finances and their savings start to grow, they often ask us how much they should keep in their emergency fund. There's no hard and fast ... term deposit, pay down your mortgage faster, take a well-deserved holiday ... penalties or conditions should you have to withdraw funds before the ...

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Last minute Christmas tips

... people asking for our help. Having stretched themselves too far, many ... ... people asking for our help. Having stretched themselves too far, many ... the best cure for financial stress is to avoid it in ...

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