Size Matters When It Comes To Defaulting On A Home Loan
This post sponsored by Lawyers Conveyancing
An article by Clancy Yeates
Bad housing loans will increase one day, and bankers say that many of the loans that will go bad are probably being written now, when interest rates are so low.
Australian borrowers are a fortunate bunch. Unlike households overseas, they’ve managed to avoid the wave of painful mortgage defaults that have brought other economies to their knees.
Indeed, local banks say the share of people falling behind on their mortgage payments is at historic lows.
Yet history suggests things will not stay like this forever. Bad housing loans will increase one day, and bankers say that many of the loans that will go bad are probably being written now, when interest rates are so low.
So, which borrowers are most likely to fall behind on their mortgage payments?
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1 Comment
Hey, Clancy its true, Bad housing loans will increase one day, and bankers say that many of the loans that will go bad are probably being written now, when interest rates are so low.