STEP 4 RESOLUTION
Once we have gathered and assessed all the information relating to your financial circumstances, we will work with you to explore all possible options. While we can’t guarantee a specific outcome, we are dedicated to finding an appropriate resolution for you, wherever possible. We outline below a list of potential resolutions and the key features of these arrangements for illustrative purposes only. A resolution being offered is subject to your individual circumstances and our assessment of your SFS. As such the following options may not be suitable for your particular situation
OPTION 1
‘Interest Only’ You will only pay the interest owed on your loan during this period. Your monthly repayment arrangement reduces as you are not paying anything towards reducing the capital balance of the mortgage. After the interest-only period, either your payments increase to a higher amount that ensures you repay your mortgage within the original term or where appropriate, the term of your mortgage will be extended.
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Contact Us: 053 94 88709 | arrearssupport@alturacu.ie
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