Mortgage Holidays
Discussion
There should be no downsides at all.
Your monthly interest will be capitalised, so your mortgage balance will actually rise, but apart from that it shouldn't affect you.
Oh the payment holidays have rules (lender dependent) on how long a holiday you can take and how often you can take them, so check your docs.
Your monthly interest will be capitalised, so your mortgage balance will actually rise, but apart from that it shouldn't affect you.
Oh the payment holidays have rules (lender dependent) on how long a holiday you can take and how often you can take them, so check your docs.
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