A viral TikTok video claims to reveal a banking hack so you’ll “pay a big fat zero in interest”. Sadly, it’s not true. But extra payments now can save you thousands, as a finance expert explains.
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Mortgage rates – and repayments – have risen significantly since this time last year.
Banks typically do not want their customers to default on property and have processes in place to help reduce the risk of this happening.
As a former financial counsellor and former consumer credit educator for ASIC, here’s what I think you need to know if you’re considering mortgage deferral, rent relief or bankruptcy.
COVID-19 has brought about unprecedented unemployment and financial insecurity, but it’s not the first time people have faced challenges fulfilling some of their most basic needs.
