Mortgage stress, what is it?

By |2018-10-18T11:27:56+10:00March 4th, 2017|Categories: Blogs, Home Loans|Tags: , , , , , |

Mortgage stress, what is it? While the term itself has no concrete definition, it is widely accepted that mortgage stress occurs when 30% or more of your pre-tax income is going towards your monthly mortgage repayments.  This is based on affordability guidelines from the ’80s and ’90s, and has proven to be a reliable way of [...]