You can use this guided pathway if you:
- are worried about paying your home loan
- have fallen behind in your home loan repayments
- your has started court action against you.
A home loan is the money a lender gives you to buy a home. This is also called a mortgage.
Your lender will give you an amount of money. This is called the principal loan. You must repay the principal plus the interest on that amount over a set period of time.
You and your lender can agree if your repayments will cover the interest only or the principal and interest.
You must make regular repayments to pay off the loan—usually every fortnight or every month.
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