Problems with interest rates and repayments? Ask for home loan help.
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In Australia there is a strong market for the loan portfolios of lenders. In the event of a lender failing financially the loans, subject to the conditions of the existing contracts are sold and the loan continues under the same terms and conditions.
It could be that your repayment address may change. If for some reason the liquidator was not able to sell your loan then your contract may require you to repay or refinance the debt. This would be a very unusual situation however it is recommended that you fully read and understand the terms and conditions of your loan contract.
If you are unhappy with your contract please call Your Local Finance mortgage broker on 1300 787 665 to discuss alternative finance.
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