One In Eight Mortgage Borrowers “Extend And Pretend”!

Digital Finance Analytics (DFA) Blog

Jun 21 2024 | 00:06:30

00:00 / 00:06:30

Show Notes

Struggling homeowners are increasingly hitting the pricey reset button on their loans in the hope of dragging down their monthly repayments.It’s adding years to the length of their loans and potentially hundreds of thousands of dollars in interest costs. A recent Finder.com.au survey revealed one in eight mortgage holders polled revealed they had extended their home loan to lower their repayments over the last year. In a trend described as “borrowers stuck in mortgage quicksand”, about half of those who had extended their loans had added more than five years to the life of the debt. This would result in […]

Other Episodes

Episode 0

December 11, 2020 • 00:54:23

The China Syndrome And Housing Prices [Podcast]

Journalist Tarric Brooker and I have our Friday afternoon chat. Contents0:00 Start0:32 Introduction1:10 The China Factor7:00 Iron Ore10:00 Border Opening12:35 Stimulus15:30 Labor Positioning 22:30...

Episode

May 16, 2024 • 00:09:04

The Employment Numberwang Confuses The Markets Upwards!

Fickle investors are no longer pricing the possibility of another cash rate rise from the RBA after data released overnight showed US inflation cooled...

Episode 0

March 15, 2021 • 00:55:20

Its Edwin's Monday Evening Property Rant! [Podcast]

The latest rant from our property insider, Edwin Almeida. https://www.ribbonproperty.com.au/ Go to the Walk The World Universe at https://walktheworld.com.au/