Struggling borrowers get $10,000 helping hand

Source: http://au.biz.yahoo.com/091009/31/294ap.html

Saturday October 10, 2009, 10:10 am
Interest free loans of up to $10,000 will be available to Canberrans who are at risk of losing their homes.

With interest rates tipped to rise yet again before Christmas, the new Mortgage Relief Fund will provide help to people who are in danger of defaulting on their home loan because of a sudden change in circumstance such as illness or unemployment.

The ACT Government will support the fund, which is designed to help homeowners meet payments in the short term. Loans will be interest free and repayable over a five-year period.

The first repayments will not be required until six months after the assistance has been received.

[dont think this is a copyright issue as well - considering they tweeted it and put it online for the world to read]
 
Source: http://au.biz.yahoo.com/091009/31/294ap.html

Saturday October 10, 2009, 10:10 am
Interest free loans of up to $10,000 will be available to Canberrans who are at risk of losing their homes.

With interest rates tipped to rise yet again before Christmas, the new Mortgage Relief Fund will provide help to people who are in danger of defaulting on their home loan because of a sudden change in circumstance such as illness or unemployment.

The ACT Government will support the fund, which is designed to help homeowners meet payments in the short term. Loans will be interest free and repayable over a five-year period.

The first repayments will not be required until six months after the assistance has been received.

[dont think this is a copyright issue as well - considering they tweeted it and put it online for the world to read]

It would have been better if the gubberment could find jobs for these needy people instead of handing over the money.
 
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