5 challenges mortgage holders will face in 2023

“We’ll see first home buyers who tried to outbid investors reach their absolute limit with loan repayments and likely face mortgage stress. Among the self-employed, cash flow will be one of their biggest challenges, particularly when paired with rising interest rates.”

As the RBA raises interest rates to a 10-year high, families nationwide are nervously preparing for the next 12 months.

I’ve identified the top five challenges mortgage holders will face in 2023 and, most importantly, how to overcome them.

Whether you’re looking to borrow, already have a mortgage, or are planning to refinance, my advice is the same: click here.