Latest RBA increases are making the average home loan go up more than $50 per month. Every time interest rates go up, so do your repayments. If you are having difficulty in making your repayments, you should consult the services of a mortgage broker and discuss ways to stabilize your mortgage repayments. These options may include fixing your rate, or debt consolidating. First thing to do in the event that you miss your mortgage repayment, should include getting on the phone to your lender and making alternative repayment arrangements. Next step would to be revising your monthly budgets. At Finance Know How we have tools that can make this easier for you. Ask us about Simply Budgets.