Mortgage Arrears

Frequently asked questions related to mortgage arrears issues.

May 14, 2020

What default interest rate am I paying?

Default interest rates are charged when a mortgage is in default. Consequently, all lenders will charge you a default interest rate on your home loan. However, […]
May 14, 2020

Can I refinance when I have bad credit?

Lenders classify a mortgage in arrears as bad credit. Therefore, by the nature of the mortgage in arrears refinance, they will accept other bad credit. However, […]
May 14, 2020

What causes mortgage in arrears?

Many causes contribute to a home loan arrears; as can be read in the Reserve Bank of Australia (RBA) report. As such, an arrears problem is most likely […]