Buying guide
What happens if I can’t pay my mortgage?
Struggling to pay your bills? You have options. Here's a list of 11 things to do if you can’t pay your mortgage.
11 things to try if you can’t pay your mortgage
1. Take a close look at your finances
2. Get a little help
3. Talk to your lender right away
Your lender will suggest options to help reduce your repayments.
4. Request financial hardship assistance
5. Reduce your repayments
6. Switch to interest only
7. Use funds in your home loan
8. Restructure your loan
9. Try a repayment holiday or loan payment deferral
10. Check your insurance
If you're struggling to pay your mortgage there is help available.
11. Consider a Kiwisaver hardship withdrawal
What if I still can’t make repayments on my mortgage?
Stay calm and seek help
Author
Discover More
Grand Designs NZ home owner selling neighbouring section on idyllic private island
Diana and Peter Cussen's home on Slipper Island was built by Sky Mason and featured on Grand Designs NZ.
From landmark shop to family home: ‘It has a great history - lots of people have passed through here.’
The former Ahuriri general store in Napier has been home to Kim Hands for the past 27 years.
Search
Other articles you might like
