Quote:
Originally Posted by The Porn Nerd
Governors are talking about issuing a 3 month break from paying mortgages. This would help millions of Americans (myself included)! Simply put those 3 months at the end of the loan - done!
I am hoping for this big time.
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Yup, they’re giving a 6 month repayment break here in Oz. Guy from NAB (bank) was explaining it on tv last night. Ominously he said that after 6 months there would be a review of peoples’ ability to pay and it was very likely that there would be defaults and foreclosures.
Insane how quickly this has happened