Marks Powers No Comments

Mortgage Cliff

Finding Relief from Financial Stress of the Mortgage Cliff

If you’re one of the 800,000 Aussies anxious about the fixed-rate mortgage cliff, know you’re not alone. The mere thought of struggling to make ends meet is overwhelming and can cause stress. However, we understand how important it is for you to provide for your family without sacrificing basic needs to pay the mortgage.

The Reserve Bank of Australia (RBA) has estimated the total value of the 800,000 loans about to fall off the mortgage cliff to be $350 billion, harming numerous borrowers in the country. This staggering figure highlights the urgency for individuals to take proactive steps to secure their financial stability as their fixed-rate mortgage terms end.

Read more