Mortgages

The Mortgage and Finance Association of Australia (MFAA) is the peak body for Australasia's residential and commercial mortgage industry. Members of the MFAA include mortgage managers, mortgage brokers, mortgage marketers, banks, credit unions, building societies, legal firms, mortgage insurers, trustees, fund managers, valuers, and real estate related industries. All members are bound by the MFAA Code of Practice to ensure the highest levels of service, integrity and professionalism. The Mortgagee Industry Ombudsman Scheme (MIOS) may also be able to assist you with problems you may experience with members of MFAA.

For further information, contact MFAA:
Telephone: (02) 8905 1300 or 1300 554 817
Postal Address: PO Box 604, Neutral Bay NSW 2089
Website: www.mfaa.com.au

Mortgage assistance

The Mortgage Assistance Scheme (Department of Housing NSW) can provide short term assistance to people experiencing temporary difficulties with their home loan repayments as a result of an unavoidable change in their circumstances. 

Mortgage Assistance is not a grant, but a loan to be repaid at a future time. The Home Purchase Assistance Division administers this Scheme which offers mortgage repayment assistance by way of an interest free loan paid directly to the home lender.

There are a number of requirements which must be met to qualify for Mortgage Assistance. For details on some of these conditions and further information, contact the Mortgage Assistance Scheme:
Telephone: 1800 806 653 or (02) 9821 6111
Address:  Level 5, 23-31 Moore St, Liverpool, NSW 2170
Locked Bag 7150, Liverpool BC NSW 1871
Website: www.housing.nsw.gov.au

Reverse mortgages

A reverse mortgage allows people who own their own homes outright to borrow against the equity in their home. For further information go to the Reverse mortgages page.