At Australian Debt & Insolvency Solutions (ADAIS), we understand the stress that a mortgage can put on a household budget especially as a result of unforseen circumstances or events. Often there is a underlying cause of such stress that needs to be identified and communicated to the lender. Further, it is essential that the discussion be backed with adequate documentation to obtain mortgage assistance or mortgage relief from your lenders.
If situation is not going to improve in the near future, you may be eligible for long-term debt relief or an appropriate hardship arrangement with your lender. Often, there are other ways to address this depending on your individual circumstances including refinancing the mortgage or utilising the equity to payout some of your debts.
Give us a call on 1800 212 452 to have a confidential discussion to see how best we can provide mortgage assistance suited for your individual circumstances.