Blacktown has recently been identified as the area within Sydney as having the highest percentage of home owners in “mortgage stress” by recent figures published by ABC News. This has led to an increased number of home owners placing their homes on the market. The mortgage stress however is increasing across all of NSW, Victoria and Queensland since rate rises by the RBA.
Mortgage stress is when a household’s income is insufficient to cover its expenses, including mortgage repayments. It commonly occurs when a household spends more than 30% of its pre-tax income on mortgage repayments.
We negotiate directly with your current bank to repricing your current loan rate down immediately.
Exploring external lenders for lower rates or extending your loan term back to 30 years to lower repayments. See our refinancing service for details.
Combining high-interest credit cards or personal loans into your home loan rate to cut monthly outgoings dramatically. See our debt consolidation service.
Buying your first place, refinancing to a sharper rate, or adding an investment property is a big move. If you are weighing up why to use a mortgage broker in Newcastle for your next home loan, the answer comes down to three things: wider choice, clearer guidance, and a smoother path to approval.
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Buying in Brisbane can feel exciting and intense at the same time. Prices and policies move, and lender rules differ widely. The right partner helps you cut through the noise.
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Finding the right home loan should feel empowering. Choosing a mortgage broker on the Gold Coast for better loan outcomes can save time, reduce stress, and often secure sharper rates.
Read Full ArticleSpeak to our qualified mortgage brokers at Gateway Finance today for tailored advice and an obligation-free strategy session.
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