If you are experiencing trouble with your repayments on your ANZ mortgage, there are several steps you can take to help manage your situation:
- Contact ANZ: The first step is to contact ANZ and let them know that you are experiencing financial difficulty. ANZ has a financial hardship team that can work with you to find a solution that suits your individual circumstances. This may include deferring repayments, reducing repayments, or restructuring your loan.
- Create a budget: It’s important to create a budget to help you understand your income and expenses and identify areas where you can reduce your spending. ANZ has budgeting tools and resources that can help you create a budget that works for you.
- Seek financial counseling: If you’re struggling to manage your debts and repayments, you may benefit from seeking the advice of a financial counselor. ANZ can provide you with a referral to a financial counseling service if you need one.
- Explore government assistance: Depending on your individual circumstances, you may be eligible for government assistance such as the Mortgage Relief Scheme, which provides short-term assistance to eligible homeowners experiencing financial difficulty.
- Consider refinancing: If your financial situation has improved since you took out your ANZ mortgage, you may be able to refinance to a more affordable loan. ANZ’s home loan specialists can help you explore your refinancing options and find a loan that suits your needs.
Remember that ANZ is committed to helping customers experiencing financial difficulty, and there are a range of options available to help you manage your repayments. The key is to take action early and communicate openly with ANZ about your situation.