With your help, we can help you with your mortgage repayment.
Read moreThe new federal government announced on Wednesday it was introducing a new mortgage payment assistance scheme to encourage people to get their finances back on track.
Key points:The new scheme aims to encourage more people to take out a mortgageIt is designed to be cheaper than current mortgage payment schemesThe government says it wants to increase the number of households who qualify for the scheme from 50,000 to more than 100,000The scheme will offer a variety of benefits to borrowers including access to low-interest, short-term loans, and the possibility of more loans.
The government announced the scheme in a press release on Wednesday morning, saying it would be cheaper to borrow money and easier to access than existing mortgage payment options.
“The Government is committed to ensuring that those who need help are able to access the assistance they need to help their families with their financial challenges,” the government said.
“As the nation’s first mortgage assistance scheme, the scheme will help more Australians to access financial support and make it easier for those who are struggling to make ends meet.”‘
The whole world is watching’The scheme is designed as a “mini mortgage” and will be a one-time payment of about $50.
It is available to people who have not yet completed a three-year mortgage but who have been in the workforce for more than two years.
Aboriginal and Torres Strait Islander people will be eligible for the plan, and anyone in the working age population will be able to apply for it.
“It’s a great opportunity for Australians who are working hard to repay their debt and start living comfortably again,” Housing Minister Christopher Pyne said.
“I am also delighted that this scheme will be more affordable than current loan repayments, which are already significantly more expensive than the Government is promising.”
This new scheme will give those who don’t have the means to afford their first mortgage an opportunity to do so.
“The new mortgage payments scheme is the third government initiative announced since last year, after the National Broadband Network (NBN) and the Housing Assistance Scheme (HAS) was announced.
The scheme, which will run for about a year, will offer loans ranging from $50 to $250.
It will cover all Australians who live in the community and are able, and will include a $250 lump sum loan for those with household income of $125,000 or less.
The first phase of the scheme is expected to commence in the second quarter of this year, with the first $250 loan available to those in households with incomes of $200,000 and above.
The new government announced its intention to expand the scheme to cover all households in the national census, which is due to be completed in March next year.”
We want to make sure we get a better deal for Australians across the board, so this will help them to start to get on their feet,” Pyne told the ABC.
In its statement, the government also promised that the scheme would be “much more affordable” than current loans, which have a monthly interest rate of around 12.5 per cent.”
These changes will ensure that families are better off financially,” the statement read.
It said that the plan would help ensure all Australians were “well served” by a new scheme that would help lower the interest rates on existing loans and “better protect families from the financial shocks they may be facing”.”
It will also be cheaper for all, and allow people to save money in a time of financial stress,” the ministry said.’
This is the only thing I have to lose’One of the biggest challenges facing people is finding a mortgage.
It is a “huge financial burden” for many Australians, according to research released in March by the Australian National University.
It found that a quarter of people in the mortgage-fuelled boom of the past decade have lost their jobs, and a further 28 per cent have fallen behind with a mortgage in the last six months.
More than half of people aged 18-34 who have made a mortgage repay on time have been forced out of the housing market.
And in the same survey, nearly half of Australians who had a mortgage paid off by the end of 2015 are now looking for a new one.
For those who have already been in a rental situation, the situation can be a challenge, with many facing difficulties finding a home.
Aborigs, Torres Strait Islanders and other Indigenous people are also disproportionately affected by the high rate of unemployment.
The latest figures from the Australian Bureau of Statistics show that, in 2016, only 27.5 million people were in the labour force.
According to the ABS, the unemployment rate for Indigenous people aged 15-24 was 9.4 per cent in the June quarter, and 12.1 per cent for Indigenous males.
The rate for Torres Strait Islands people was 9 per cent and 14 per