*special News * 24 seven Mortgages News

This newsletter is reaching you all during a difficult time in NZ and the rest of the world, and it is small consolation that everyone is affected in some way currently.

We now have some guidelines (below ) from a number of Lenders in terms of the application of mortgage repayment holidays & Interest only options. The common theme from all Lenders is they are wanting to assist as many customers as they can, but with the demand at present resources are being stretched & so lenders are working on those with the most urgent needs first.

Depending on your employment situation, changing your repayments to Interest Only or actually taking a Mortgage Repayment Holiday are definitely sensible options and much preferred to underestimating your financial situation and running into a mortgage arrears situation where if you defaulted on a loan payment you would be paying penalty interest .

The 24seven Mortgages staff are working remotely from home during this period of time - and available for extra assistance or queries - although like a lot of other industries - many areas are on hold during this Alert Level 4 ie delayed settlements etc

Feel welcome to call us - we can be reached at 0800 247 667 or send us a query here


Lynn & 24seven Mortgages Team

Lynn Houghton
Principal and Owner 24seven Mortgages
FreePhone 0800 247 667
www.247mortgages.co.nz
Four Times New Zealand Mortgage Broker of the Year -- Waikato / Bay of Plenty Region