My instinct is to pay in March and consider again in April, but perhaps that is just reluctance to take a decision.
Should I use my savings to pay my home mortgage or my investment mortgage, or should I leave them unpaid this month.
You don't save anything by not paying them? The interest will continue to accumulate.
I will soon run out of money to buy groceries.
The primary objective is to save lives. Don't make money your god.All of this will facilitate people to engage the primary objective - reduced social interaction. In turn, combating the virus that is destabilizing the world economy.
Your expectations weren't far off.I think the banks are meeting with government today to discuss these issues. Id expect a payment holiday, similar to UK, for next few months.
OK, but if you call your bank you should be able to get a payment holiday.
My main point is that just stopping is not the right thing to do.
If the bank refuses, and you have to make a choice between groceries and your mortgage, then buy your groceries.
Brendan
OK, but if you call your bank you should be able to get a payment holiday.
Brendan
Could you explain the difference between the terms?I think you mean a payment break rather than holiday Brendan
Hmm, to my view it was strange to say "not a holiday".If that is the case why was Brian Hayes so keen to stress that this was a payment break not a payment holiday?
this was a payment break not a payment holiday?
It's funny. I was pleased to hear them use this term as the expression "moratorium" might be misunderstood.
Anyway, when this is all over I am going to take a break. Or should that be I am going to take a holiday?
Brendan
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