Mortgage Loans, Home Loans, Bad Credit Home Loans

According to a new report by ING Direct, almost one in two Australian home owners are ahead in their mortgage repayments.
It seems that despite higher interest rates, 48 per cent of mortgage holders are making extra repayments on their home loans, up from 46 per cent in the first quarter of this year.
The new welfare index, which assesses the financial well being of households on six different financial fronts, also found Australians are very comfortable with their long term debt positions.
Average comfort levels for long term debt commitments (home and personal loans) were 6.5 out of a possible 7, compared to short term debt (credit cards) at 5.8.
In contrast, when it comes to households’ long term assets and ability to meet bills, comfort sits at just 3.9 and 4 per cent respectively.