Although it is your responsibility to ensure you have sufficient funds to repay your home loan, your lender should also provide the right information about mortgage repayments and how to stay on top of them.
As Australia’s leading non-bank, we provide a wide range of information in several different forms about what you should expect over the life of the loan and how to be prepared for financial challenges.
The finance blog covers several different topics related to budgeting and avoiding missed repayments. It is a great starting point to find out how you can financially prepare yourself for a mortgage. The Ask Heidi blog also discusses home loan topics ranging from interest rates changes and first home buyer grants to tips and advice on renovating for profit and SMSF loans. There is also a whole page on FAQ & Help that discusses everything you will need to know about our loan products and the loan process. However, if you have a specific question about your own situation, you are able to call us on 13 72 62 or have a live chat with one of our experienced credit managers. These portals of information give our customers plenty of opportunities to research and discuss the future of their loans.
However, if you do feel there is a possibility you may miss a repayment, the first thing you need to do is tell your lender. The sooner you contact them, the easier it will be for them to assist you. At State Custodians, we are on your side. We want you to successfully purchase a property and pay off your home loan, so if there is a risk of a repayment default, we are the ones who will be extremely helpful. In some situations, the circumstances are out of your control, such as illness, and therefore different options can be discussed.
As we are an online lender, we are able to provide our curious, forward-thinking customers with a virtual library of information and advice on home loans. Borrowers do not have to wait until they default to find out how to avoid these challenges.