Friday, September 12, 2008

Help for the needy.

You might think that people who own there own home aren't really needy, but the Credit Crunch, inflation, fuel costs and the SubPrime crisis in the USA have had a worldwide effect on household budgets.

Thankfully, there's a little-known secret for Australians who are finding it difficult to keep up their repayments on their homes in these times of rising interest rates (yes, I know they came down last month, but that's the first in a long time, and many of you are still hurting from the last rises!).

So, here's making sure that as many people know about it as possible: The Mortgage Assistance Scheme is a loan of up to $20,000 from the government, designed to be zero-interest and to be paid back at a later date when the situation improves. You have to be able to prove that you've tried every other avenue to keep your house, but already there are over 680 people using it, and it is making a difference.

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