{"id":42528,"date":"2023-03-10T08:40:37","date_gmt":"2023-03-09T19:40:37","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42528"},"modified":"2023-03-10T08:40:37","modified_gmt":"2023-03-09T19:40:37","slug":"money-gurus-shock-cash-offer-to-homeowners","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/money-gurus-shock-cash-offer-to-homeowners\/","title":{"rendered":"Money guru\u2019s shock cash offer to homeowners"},"content":{"rendered":"

PHOTO: Fed up finance guru Mark Bouris is offering to help struggling homeowners meet their skyrocketing loan repayments.<\/strong><\/p>\n

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Fed-up finance guru Mark Bouris<\/a> is offering to help struggling homeowners meet their skyrocketing loan repayments with a cash injection.<\/p>\n

\"Property<\/a><\/div>\n
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Property Noise Australia Advertising Rates \u2013 2023<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n

A leading critic of the Reserve Bank of Australia\u2019s dramatic hiking of interest rates \u2013 10 successive rate increases since May last year \u2013 Mr Bouris, is determined to do something about it.<\/p>\n

The executive chairman of Yellow Brick Road Home Loans is offering to help Aussie homeowners hit hard by massive increases in their month mortgage payments with a cash injection of $12,000.<\/p>\n

\u201cAll Australians deserve a fair go on their home loans and right now you\u2019re not getting one,\u201d Mr Bouris said.<\/p>\n

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\"Homeowners<\/div>\n

Homeowners across the country are struggling with skyrocketing mortgage repayments.<\/strong><\/em><\/div>\n

\u201cI know many Australians are doing it tough out there right now. Through no fault of their own, homeowners are having to manage skyrocketing mortgage repayments.<\/p>\n

\u201cThe Reserve Bank of Australia\u2019s decision to increase the official cash rate for the past 10 consecutive meetings has left nearly 800,000 Australians at risk of mortgage default. At YBR Home Loans, we\u2019re on a mission to hear the voices of those impacted most by this aggressive increase in interest rates.<\/p>\n

\u201cWe want to hear from you: your story, your struggles and particularly, if you\u2019re worried about your ability to meet your mortgage repayments.\u201d<\/p>\n

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\"Governor,<\/div>\n

Governor, Reserve Bank of Australia, Philip Lowe has pushed up rates 10 times since May last year. Picture: NCA NewsWire \/ Nikki Short<\/strong><\/em><\/div>\n

Mr Bouris and his team at YBR will randomly select five mortgage holders from across the country who are having trouble meeting their home loan repayments and give $12,000 to each winner \u201cin order to help ease the strain of rapidly increasing interest rates\u201d.<\/p>\n

\u201cIf you\u2019re going to struggle to meet your mortgage repayments as you come off your fixed interest rate, or if you\u2019re already struggling to meet your repayments, please fill out your details and outline your circumstances,\u201d Mr Bouris said.<\/p>\n

Homeowners can write to Mr Bouris and Yellow Brick road at\u00a0ybr.com.au\/fairgo<\/a><\/p>\n

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\u201cThe Reserve Bank of Australia\u2019s decision to increase the official cash rate for the past 10 consecutive meetings has left nearly 800,000 Australians at risk of mortgage default.\u201d Picture: NCA Newswire\/ Gaye Gerard<\/strong><\/em><\/div>\n

In announcing the offer, Mr Bouris said the RBA\u2019s massive rate hikes were mentally affecting borrowers<\/p>\n

\u201cRight now, everyone\u2019s walking around with a bit of brain damage,\u201d he told Sky News Australia.<\/p>\n

\u201cYou can\u2019t keep whacking these borrowers, these mortgage holders in Australia, particularly those who borrowed two or three years ago.<\/p>\n

\u201cYou can\u2019t just keep whacking them across the chops and expect them to survive.<\/p>\n

\u201cThere seems to be a massive lack of empathy and or feeling from our Reserve Bank when they talk about these interest rate rises.<\/p>\n

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Mr Bouris said he was concerned about the further affect this would have on Aussies battling to make ends meet.<\/strong><\/em><\/div>\n

\u201cThey keep talking about data and global inflation \u2026 who cares \u2013 start to think about what effect you\u2019re having on Australians.\u201d<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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