September 1995 News | RefinanceMortgage.com.au

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Refinance Mortgage News

More House Owners Default On Their Loans

Sunday September 3, 1995

Many borrowers who took out highly geared, low-rate loans are in trouble. Higher rates and property stagnation add up to negative equity, writes Lisa Pickersgill. STRUGGLING to cope with higher mortgage repayments? You are not alone. Creeping interest rates have inevitably led to more home loan d