Why falling house prices aren’t the good news that first home buyers think - Sydney Morning Herald

After the last property boom five years ago, a drop in the market left some buyers facing “mortgage prison”, and experts warn this risk could rear its head again.

Tindall said those whose equity dropped below 20 per cent would need to take out lenders mortgage insurance if they chose a new lender, a cost which would erode any savings they stood to gain from re… [+2554 chars]

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