A ‘mortgage cliff’ is the slightly dramatic phrase used for describing the huge increase in mortgage payments that many Australians are facing as they shift from low-fixed rate loans set up during the pandemic period to the much higher variable (or fixed) rates now available. This module is designed to assist those facing a potential mortgage cliff including:
How did we get to the mortgage cliff?
A worked example of a mortgage cliff
Considerations when preparing for a mortgage cliff
Options if you may be unable to service the higher repayments
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