CNA938 Rewind - Help for homeowners to service mortgage under new programme
Homeowners facing financial difficulties due to job or income loss will be allowed to reduce or defer their monthly loan installments for up to one year, instead of the current six months, under a new programme starting on April 15. Susan Ng and Hairianto Diman look at the mechanics of the pilot programme and the underlying factors that could have contributed to homeowners being in HDB loan arrears in the first place, with David Baey, CEO of Mortgage Master.