MortgageGen – A Platform for the Best Mortgage Advice during COVID-19

As it can be clearly seen, that the time is highly uncertain due to mounting coronavirus cases. During such tricky times, it is quite evident that you most likely would be undergoing some or other kind of financial strain. For many people, the monthly commitment of mortgage will be part of the considerable single expense. Thus, the ones who are planning to get a mortgage or are existing mortgage borrowers must be in the dire need of the most suitable mortgage advice to know and understand about their options and make the most beneficial and useful decision for themselves.

At Mortgage Gen, we will provide you with the Best Mortgage Advice during such challenging times because the well-being of our clients is our topmost priority. Right now, it is more important than ever to get the right advice and support from the mortgage industry so that everyone can make the optimum use of their finances. Getting a mortgage is one of the most crucial decisions that require a great number of efforts and research to ensure that you make the best choice for yourself. Being the most reliable and reputed mortgage advisers, it is our duty to keep you updated and informed through providing all the important information related to mortgage. 

Mortgage Payment Holiday :- The government is trying to help those who have been impacted financially due to COVID-19 by introducing mortgage payment holidays. Borrowers who qualify will be entitled to three-month mortgage payment holiday. One thing that everyone should keep in mind is that this option is not granted automatically. If you want a mortgage payment holiday, you will have to make a request to your lender first. Furthermore, this option implies that you can pay your interest later on. Hence, it is by no means an exemption or relaxation from interest payment. The favourable advice would be to pay your interest on time without taking payment holiday if you can afford it. 

As the situation is uncertain, it is also possible that the government may extend the time, but for now, the payment holiday is for a minimum of three months. People who are planning to request a mortgage payment holiday must know that this option can be availed in the future during times when it is required the most. Thus, instead of using it too early when you might be in a stable financial position, you can reconsider your decision before applying for it.  

Hence, to make the most beneficial mortgage decision especially during such uncertain times, contact MortgageGen for the Best Mortgage Advice. You can also obtain all the latest information regarding the Best Homemover Mortgage Rates only at MortgageGen.