With the RBA lifting the cash rate to 4.35% in November, the 13th rate rise since May 2022, homeowners grappling with mortgage stress are still finding it difficult to refinance to cheaper loans, despite updated lending rules and a rebound in property prices that should make it easier to change lenders. On this episode of the Real Estate Podcast, , Equilibria Finance Managing Director Anthony Landahl re-visits the issue of “mortgage prisoners”.
- What is a mortgage prisoner and why is this an issue?
- Why does it happen?
- How big a problem has it become ?
- What can mortgage holders in this situation do?
- Is there a solution?
Anthony Landahl | Managing Director Equilibria Finance
This is for general information purposes only and does not constitute advice. With all of these options there are a number of considerations outside the scope of what is covered in this article that you need to understand to ensure your personal circumstances are taken into consideration.
Equilibria Finance is a mortgage broking practice specialising in delivering residential and commercial mortgage and business and asset finance solutions to the clients of financial advice and accounting practices.