Rates In Arrears
There are many possible options to sort out your rates arrears from short-term solutions to restructuring the way your finances are set up, so that events like this don’t happen again.
Rates are viewed by mainstream lenders as a regular commitment just like loan repayments and most won’t refinance them if they are in arrears.
Refinacing your home loan to consolidate your rates and other debts will usually solve the immediate problem, you might even end up paying less per month overall.
There are solutions using non-bank lenders, even if the council have lodged a judgement against you. Keep in mind that the council has the power to foreclose on your property to reclaim rates arrears!
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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.
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2013 Pepper Homeloans Queensland Broker of the Year
2012 Pepper Homeloans Queensland Loan Writers of the Year
2007 Pepper homeloans Queensland Broker of the Year
2006 Pepper Homeloans Queensland Broker of the Year