High interest rates took toll on families
Posted by admin on December 23rd, 2008 filed in UncategorizedIn the three months since the Reserve Bank started cutting the official cash rate in September, repayments on a $250,000 mortgage have fallen about $500 a month – more than enough for many borrowers to have avoided repossession.
Ms Lane said she has represented many homeowners who were falling short on their repayments by as [...]
Read More via: - Real Estate Buzz
High interest rates took toll on families
Posted by admin on December 23rd, 2008 filed in UncategorizedIn the three months since the Reserve Bank started cutting the official cash rate in September, repayments on a $250,000 mortgage have fallen about $500 a month – more than enough for many borrowers to have avoided repossession.
Ms Lane said she has represented many homeowners who were falling short on their repayments by as [...]
Read More via: - Real Estate Buzz