Money guru's generous home loan offer for struggling Aussies
Finance guru Mark Bouris has offered to help five homeowners pay off their mortgages amid continuously rising interest rates.
A vocal critic of the Reserve Bank of Australia’s dramatic hiking of interest rates, Bouris is determined to help struggling Aussies get ahead.
The executive chairman of Yellow Brick Road Home Loans is lending a helping hand to homeowners hit hard by massive increases in their month mortgage payments with a generous cash injection of $12,000.
“All Australians deserve a fair go on their home loans and right now you’re not getting one,” Mr Bouris said on Today.
“I 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."
“The Reserve Bank of Australia’s 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’re on a mission to hear the voices of those impacted most by this aggressive increase in interest rates."
“We want to hear from you: your story, your struggles and particularly, if you’re worried about your ability to meet your mortgage repayments.”
Mr Bouris and his team at YBR Home Loans will randomly select five lucky winners who are having trouble meeting their home loan repayments and give $12,000 to each winner “in order to help ease the strain of rapidly increasing interest rates”.
“If you’re going to struggle to meet your mortgage repayments as you come off your fixed interest rate, or if you’re already struggling to meet your repayments, please fill out your details and outline your circumstances,” Mr Bouris said.
Homeowners can write to Mr Bouris and Yellow Brick Road at ybr.com.au/fairgo to be entered into the competition.
Image credits: Instagram