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Could the surge in mortgage broker activity be the new housing risk?

Generally usually it associated eviction families of low purchasing power in neighbourhoods plagued by unemployment -to which the crisis has hit particularly harshly, but this situation is also reaching out to wealthy people. The difficulties to meet payment commitments affecting more and more layers of society and begin to embarrass the families of upper middle class and many do relate this fact to mortgage brokers. Unemployment and lack of resources are no longer just on the periphery of cities and these problems tend to gradually move to the center and areas where per capita incomes have always been higher. Mortgage brokers may seem like the new threat to a market that is already suffering from the crisis, and this is not just in Australia, but all over the world.

Mortgage broker Melbourne

According to a study by the Association of People Affected by Foreclosures and Auctions (Afes), economic problems have already begun to suffocate people in the metropolitan area west and north of Madrid. In fact the problem is happening all over the richest capitals in Brazil, Argentina, The United States and Australia. This takes a while to hit people, but it always does, even the richest ones, and it does not have relations to the number of mortgage broker Melbourne but to the lack of jobs and lower paying salaries. It is a domino – one falls, everyone falls as well.

Why is it all happening to everyone then?

The reasons lie in the decline in business activity. There are about 22,000 fewer companies in the Community of Madrid since 2007, although this trend began to reverse in the first half of 2012 very slowly entrepreneurs during this period decreased their activity and asked for credits to keep up what we estimated that would be the end of the crisis, it is now when they have been out … [Read the rest]