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What do I do if I can’t pay my mortgage?

Byindianadmin

Mar 21, 2020 #can't, #mortgage
What do I do if I can’t pay my mortgage?

Updated

March 21, 2020 15: 19: 30

There’s one question a lot of Australians will be asking at the moment: What if I can’t pay my mortgage?

The answer in the short term is simple: for now, you’ll be OK if you’re with the big four banks. You’ll be able to keep your home.

The longer-term picture is a little murky though.

The health crisis brought on by the coronavirus pandemic is producing an unfolding financial crisis and the potential for a deep and long-lasting economic recession.

Many Australians will, rightly so, be worried about their own personal financial security.

The biggest asset many Australians have is their home. It also provides us with a sense of belonging, familiarity and relative safety.

Our homes are crucial to our sense of wellbeing

Anxiety levels skyrocket, however, the moment you lose your job. That’s when you realise, depending on how much of a buffer you have, that you may struggle to meet yo

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