Secrets Your Mortgage Broker Will Not Tell You

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You Can Take A Mortgage Break

Source: https://www.interest.co.nz

Not many homebuyers are aware of this.  Some mortgage lenders offer a skip-payment or forbearance option to help borrowers who experience financial difficulties. Depending on the situation, a bank may suspend payments for several months. So when you are going through rough times, contact your lender for mortgage relief. Better yet, ask your broker from the beginning about this should you need it. It is better to get a lender who offers a mortgage break. However, take note that there are certain rules for this to happen. Do your research if your broker does not inform you about this.