More than 300,000 mortgage holders could be at financial risk

  • MORE than 300,000 mortgage holders could find themselves at financial risk if property prices drop or they are forced to sell.

A new finance risk report by Roy Morgan has found 6.8 per cent of mortgage holders – or 311,000 – actually have little or no real equity in their home.

The value of their homes was found to be only equal to or less than the amount they still owed on it.

RELATED: Suburbs where values have doubled

READ MORE VIA NEWS.COM.AU

mortgage-holders-could-find-themselves-at-financial-risk-if-property-prices-drop-or-they-are-forced-to-sell

Mortgage holders could find themselves at financial risk if property prices drop or they are forced to sell.

Leave a Reply

Your email address will not be published.