Mortgage stress to hit 1m households
27/07/08 06:32 AM
MORTGAGE stress is
likely to mean little Christmas cheer for more than
one million Australian households.
Home loan lender Wizard, which estimates that 837,000 Australian households are already experiencing some form of mortgage stress, yesterday predicted the figure would top the million mark by December.
Wizard Home Loans chairman and founder Mark Bouris said the findings meant a huge number of people potentially faced the loss of their property unless drastic action was taken, The Australian reports.
Click here for full story
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Home loan lender Wizard, which estimates that 837,000 Australian households are already experiencing some form of mortgage stress, yesterday predicted the figure would top the million mark by December.
Wizard Home Loans chairman and founder Mark Bouris said the findings meant a huge number of people potentially faced the loss of their property unless drastic action was taken, The Australian reports.
Click here for full story
FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit.
