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So, not sure if this is the same, but in Florida, after one of the more recent hurricanes, I was given the option to suspend mortgage payments. All it does is

So, not sure if this is the same, but in Florida, after one of the more recent hurricanes, I was given the option to suspend mortgage payments. All it does is suspend payments, not reduce the amount of payments. So, once payment resumes, you still owe at least the same amount of debt. [edit] As another poster mentioned, interest still accrues.

dkdbejwi383 7y ago
I think it's pretty clear what suspension means in this context. I can't imagine anyone is thinking that the government is making the payment for them in this time or something like that.
- creaghpatr 7y ago
  Why though? People suspend rational thinking to believe they're getting free stuff all the time.
  - nabla9 7y ago
    Sharing the burden does not mean free. It's like ad hoc insurance or freezing the situation.
    - salawat 7y ago
      It isn't really freezing if interest is still compounding. It's just reeling out more rope to fiscally hang someone with.
- nabla9 7y ago
  Not directly at least yet. It's clear that government maintain the status quo in financial standing of small companies and individuals if the quarantine continues. The city of Rome has decided to 500 euro per month for all self employed for next three months.