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Can’t pay that mortgage? Three ways to fix it

Can’t pay that mortgage? Three ways to fix it

The Money Puzzle · The Australian

July 23, 202431m 35s

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Show Notes

Whether you are an investor or an owner-occupier, the interest rate rises of recent years can be a squeeze. 

But you do have options, including extending the life of your mortgage or switching to interest-only: Under both these arrangements you will pay less each month.

Or maybe you could hold on a little longer, economists still believe we will see rate cuts early next year.

In today’s show we cover:

Is the national property market cooling?
Getting over your mortgage cliff?
How bank stocks and house prices are getting closely linked 
Preparing for a second ‘Trump bump’ 

Our guest is Nerida Conisbee, chief economist at the Ray White group.

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Topics

Mortgage payments AustraliaLower mortgage costs AustraliaManage mortgage AustraliaAustralian homeowners tipsMortgage strategies AustraliaFinancial advice AustraliaExtend mortgage term AustraliaInterest-only mortgage AustraliaRate cuts Australia 2024The Money PuzzleRay White GroupJames KirbyNerida ConisbeeAustralian economyAustralian financeAustralian banksAustralian interest ratesAustralian mortgage ratesAustralian home loans