Mortgage comes first
Posted
@ Sep 1st 2005 1:04pm
- By GCPN Property Network
Australian home owners would rather take ten years off their mortgage than off their looks according to a survey by the HSBC bank.
The survey of 500 borrowers found 80% would prefer to reduce their mortgages with 75% of them putting it ahead of looking younger.
But paying off their mortgages early is unlikely to happen if they don’t take action to pay off their loan said HSBC head of mortgages Steve Martinelli.
The good news is that property owners don’t have to do much to improve the health of their home loan with far greater products available these days instead of restricted loans which we have become accustomed to in the past
.