My husband and I bought a 2 bedroom apartment 5 years ago. Our mortgage is with EBS on a variable rate, they have hiked up the interest rate 4 times this year. We are only recently married and I am out of a job for the past year and a half. Is there any solution to this?
I spoke to a mortgage broker this week and she said we cant even go interest only.
That was an extrordinary comment from the Broker and incorrect. There are a a number of previous posts re the MARP proccess on AAM. You need to approach the EBS directly and they are obliged to review any request from you for either interest only or reduced repayment. Check out MARP postings first to access the process.