25th March 2020
Do you have a need to pause your loan payments?
Lenders now are ready to assist mortgage holders with principal and loan payments to suspended payments for up to 6 months.
Will a client’s credit score be negatively impacted if they take a payment pause?
No. During your client’s payment pause, lenders won’t report to credit bureau that they are missing their obligations on their loan. This means their credit score will not be negatively impacted during this period.
Will the client need to provide any documents to complete the payment pause application?
No. Your client is not required to provide any documents for the payment pause.
To find out more if you are eligible for the lenders Conoravirus Assistance, please contact Paul immediately , as he can provide guidance and assistance in this difficult period.
Paul’s contact is 0417 567 747