Mortgage prison: why you’re stuck and how to get out
Are you stuck in a mortgage prison?
You can be making your repayments on time and still find yourself stuck with your current lender.
In this episode of The Broker's Lounge, Eddie and Carlo unpack what it means to be in a “mortgage prison”, how it can happen, and what borrowers can do if they feel trapped by their current loan.
They discuss rising interest rates, reduced borrowing capacity, falling property valuations, negative equity, cost of living pressure and why refinancing is not always as simple as moving to a cheaper rate.
Eddie and Carlo also explain the options that may be…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.