Last updated on 18th October 2017

Is your home loan safe from Australia’s $1.6 trillion debt bomb?

With interest rates at risk of rising 50 basis points in a stagnating economy Aussies should be worried.

eandg-article-prim

New Comparison Site Allows Aussies to Compare Loans from 25 Providers

Experts at ANZ are predicting that the Reserve Bank of Australia will bring in two rate rises by this time next year. This has sparked fears that house prices will fall and Aussies will be left with mortgage debts they’ll be unable to pay.

If interest rates go up, housing prices could fall around 10 per cent. This means that you could suddenly be stuck having paid more for a house that could cost you exponentially more as time goes on. But there are ways for Aussies to protect themselves, and it starts with making sure the rate you’re on right now is the lowest available.

HomeLoansAustralia.com makes it easy to compare home loans from Australia’s leading lenders. We provide you with free custom quotes and can even negotiate loan terms on your behalf to fight for that lower rate.

Here’s How You Do It:

Step 1: Select your State below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

With HomeLoansAustralia.com, reviewing your refinancing options is quick, easy and convenient. Our brokers will talk you through your options in plain English, not financial gibberish, and they’ll complete the necessary paperwork for you.

The whole process can be done online and over the phone at a time that works for you, and the service won’t cost you a cent.

The Australian Financial Review estimates that there is around $1.6 trillion of debt in the residential property market. If the RBA raises interest rates this could trigger a market crash leaving Aussies with a huge debt that they could struggle to repay in the face of rising costs.

Don’t get caught out by the debt bomb that is threatening Aussie investments. Join the growing number of Aussies who have taken advantage of our free comparison service and reduced their monthly payments.

Our customers love that they can make an informed choice from the comfort of their own home. Our expert mortgage brokers will handle paperwork and loan negotiations and help you take the stress out of comparing.

This article is opinion only and should not be taken as financial advice. Check with a financial professional before making any decisions.