Money

Refinancing delay may create “mortgage prisoners”

Published

6 months ago

November 6, 2023

ticker NEWS

Mortgage holders are urged to act promptly as experts warn of the looming threat of becoming mortgage prisoners due to delayed refinancing.

As interest rates continue to fluctuate and the property market remains unpredictable, homeowners who postpone refinancing their mortgages may find themselves in a financial predicament.

The term “mortgage prisoner” refers to individuals who are unable to switch to a better mortgage deal due to various constraints, such as tighter lending criteria or changes in their financial circumstances.

By procrastinating on refinancing decisions, borrowers may risk being locked into higher interest rates and less favorable terms.

Financial advisors emphasise the importance of staying vigilant and regularly reviewing mortgage options. Delaying refinancing could lead to a situation where homeowners are paying more than necessary, struggling to make ends meet, or even facing potential repossession threats. #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending