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That safety net does not extend to paying the interest on your house loan.
by Filligree 1y ago
That safety net does not extend to paying the interest on your house loan.
- testing22321 1y agoWhen unemployment benefits are a large percentage of your salary and last a year plus it does
- basisword 1y agoIt does in some places. Firstly banks will usually let you pause or significantly reduce mortgage payments while unemployed. You then make up for it with increased payments (for a period of time) when you regain employment. There is also government help in the form of a loan to pay the interest on your mortgage while unemployed if you've been unemployed for a certain period of time (longer than the bank grace period).