Are banks freezing home loans?

A lot has happened this past week, and it can be a lot to process.

Are banks freezing home loans?

The big four banks have all announced that their customers will be able to pause mortgage payments.

Some banks explicitly state only customers affected by coronavirus will be eligible to pause their repayments.

But whether you need to provide proof (such as a doctor’s note or severance form) to verify you have been affected by coronavirus depends on which bank you’re with.

Source: ABC