The advent of coronavirus has brought about much chaos in almost every family in the world. Everyone has in one way or the other been affected by this pandemic. One of the common ways this pandemic has affected the world is in the case of finances.
The Effects of Coronavirus on Mortgage Payment
The loss of jobs has skyrocketed since the virus went viral. However, that should not be the end for you even if you have hit a financial rock bottom during the post coronavirus era. There are diverse and helpful ways to pay your mortgage in this post coronavirus dramatic period.
Are you wondering how coronavirus affected mortgage and rent payments? Here are two significant effects the coronavirus has on a mortgage in general: –
- Due to hardship caused by COVID-19, many lenders increased the deposits required for their mortgage.
- The mortgage approvals fell due to the