Federal Budget winners: low income families could save $38,000 off their mortgage!

RateCity-10/05/2012- 1 min read

1.1 million families expected to benefit with extra payments in Federal Budget. RateCity urges low income households to invest extra family payments. Adding extra payments to a $300K mortgage could save $38K over 30 years

Did you find this helpful? Why not share this article?

RateCity

At RateCity, it’s not just our expert money writers and news journalists that are passionate about helping Aussies save money. Stories are also published by our experienced data analysts, property experts, and product marketing team using this byline.

Money Health Newsletter

Subscribe for news, tips and expert opinions to help you make smarter financial decisions

By signing up, you agree to the ratecity.com.au Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy

Learn more about nonspecific

Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.

Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.