To Sell or Not to Sell your family home? More and more Australians are joining the “mortgage stressed out” queue. You aren’t the only one!

www.news.com.au reports

AUSTRALIA’S mortgage crisis is deepening and for the first time threatening to produce “affluent stress” - financial grief among higher income families - as new figures show that more than 700,000 households will come under some mortgage pressure by June.

About 300,000 are expected to fall into the worst “severe stress” category, possibly leading to forced sales and foreclosures, as consumers struggle under the weight of higher interest rates and rising living costs.

So what do you do about it? As soon as you start thinking about it, you should take the next step and ask an expert to assess your financial position. Contact a local Finance Broker to have a look over your current mortgage repayments and other debts that may be weighing you down to see if there is a chance that debt consolidation may be able to reduce your monthly outgoings. Finance Brokers like Finance Know How can also arrange the services of debt mediators who have the ability to reduce the amounts of money you owe to paticular credit providers -ie You may owe $7,000 to a paticular financial institution for a credit card you have - through debt mediation you may be able to reduce this amount quite significantly.

So don’t wait in the ”mortgage stress” line! Talk to Team Know How who can provide you with a free non-obligatory Finance Assessment! What have you got to lose??? Jump the queue and get ahead of the rest!!