Noosa News
What to do when your mortgage deferral ends
At the height of the pandemic about 900,000 borrowers deferred their loans after suffering significant income hits. But latest Australian Banking Association data shows of the big four banks, 75 per cent of customers who deferred their loans have started repaying.And as of November, only 1 in 10 loans that reached the end of their six-month deferral had their repayment holiday extended. ABA chief executive officer Anna Bligh said it was “good sign for the new year” that borrowers were able to…
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