As the impact of COVID-19 continues to penetrate through our economics and unemployment continues to rise overnight, Australians who have got mortgages are now being placed in difficult financial situation as their income sources getting cut off.
But extreme times comes with extreme measures! Thankfully under the direction of government, banks are providing repayment relief such as repayment holidays to customers who are experiencing “financial hardship”. They do not want people to lose their home in the current environment due to COVID-19.
So we have taken the time to compile together lender numbers below in case if you are one of those people who have lost your job due to COVID-19, you can reach out to your broker as a first stop, or directly to lenders via the following means:
Stay safe and look after yourselves – eventually this difficult time will be over!