At time of high living costs and high interest rates it is possible to fall behind with your mortgage payments.
When this happens, you need to speak with your lender immediately and ideally give them a solution to the problem. If you don’t tell them immediately they may assume that you aren’t a responsible borrower and will commence recovery action against you. You will also face considerable extra costs.
You find it a better alternative to refinance and consolidate other higher interest debts. They may give you lower overall repayments and put you back in control of your finances.
Click here to see if you’d qualify for a home loan.
If you need credit counseling use the links below.
Wesley Credit-line
Department of Justice - Victoria