Three most asked questions during COVID-19 lockdown answered: mortgage repayment holiday? and more
If your situation has been affected by coronavirus, before you applying for a mortgage repayment holiday, you could consider changing your loan payments from principle and interest to interest-only mortgage, or extending your loan term, to help you reduce your mortgage payment pressure. Taking a mortgage repayment holiday is only suitable if this is your last resort. For example, you’ve lost your job and you can’t pay your mortgage. But before that, you have some can’t pay mortgage options.
Q1: Should I apply for a mortgage holiday to reduce my mortgage repayment pressure? – 00:50
Q2: My property is supposed to settle in April. Is it likely to happen during the COVID-19 lockdown? – 02:32
Q3: Is it still worthwhile to review my loan structure now? – 05:14
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