Sunrise

Sunrise

What happens when you miss a mortgage payment

3 min · 14. juli 2026
episode What happens when you miss a mortgage payment cover

Description

Rising interest rates and living costs are forcing Australian mortgage holders to struggle with repayments, with many facing potential default. Banks typically allow several days for missed direct debit attempts before imposing late fees, and 14 days before reporting to credit files, though they prefer to work with borrowers rather than repossess homes. Financial experts recommend requesting rate reductions before entering hardship arrangements, building payment buffers, and seeking professional advice rather than resorting to credit cards or superannuation withdrawals. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Comments

0

Be the first to comment

Sign up now and become a member of the Sunrise community!

Get Started

1 month for 9 kr.

Then 99 kr. / month · Cancel anytime.

  • Podcasts kun på Podimo
  • 20 lydbogstimer pr. måned
  • Gratis podcasts

All episodes

300 episodes