Are you a mortgage prisoner ?

Discussion in 'Loans & Mortgage Brokers' started by Beano, 28th Jul, 2019.

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  1. Beano

    Beano Well-Known Member

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    Refer AFR weekend 27-28 July 2019 1564274877744-722428164.jpg
     

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    Beano, 28th Jul, 2019
    #1
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  2. TMNT

    TMNT Well-Known Member

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    talk about sensationlisation reporting, what a croc

    they took a risk and fixed and now they are "trapped"by their mortgage?

    what term would they be referred to if rates had shot up?
     
    Last edited: 28th Jul, 2019
    TMNT, 28th Jul, 2019
    #2
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  3. Marg4000

    Marg4000 Well-Known Member

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    They are not prisoners.
    They signed a contract.
    If they wish to vary it, they simply pay the fees involved.
    It’s simple maths, is the break fee above or below the interest to be saved?
    Marg
     
    Marg4000, 28th Jul, 2019
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  4. sumterrence

    sumterrence Well-Known Member

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    The Mortgage Advangers! :cool:
     
    sumterrence, 28th Jul, 2019
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  5. TMNT

    TMNT Well-Known Member

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    Im a insurance prisoner!

    I paid for insurance , and didnt use it

    Poor me, give me a medal
     
    TMNT, 28th Jul, 2019
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  6. datto

    datto Well-Known Member

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    Ahhh the dreaded marriage contract! It has far more prisoners lol.
     
    datto, 28th Jul, 2019
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  7. Beano

    Beano Well-Known Member

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    Have you no sympathy these poor investors ? :-(o_O:( :D
     
    Beano, 28th Jul, 2019
    #7
  8. Rex

    Rex Well-Known Member

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    Yawn, Martin North trying to drum up panic again. Fixed loans mean that the rate and term are fixed? Wow, who knew.

    Getting sick of lazy journalists referencing DFA data and analysis as if it is as reliable and trustworthy source of info as one of the big firms. He is a one-man band permabear with very opaque data collection and analysis methods.
     
    Rex, 28th Jul, 2019
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