KINCELLA SAYS ''I am aware of people who have taken up this facility, having the interest added to the loan, capitalised for a period of at least 6 months or more...whilst they re-arrange their affairs, get their affairs in order, sell the house, or find a job...fix the problem. This in itself paints are very true and worrying trend.So you cant keep up with the original loan,and you'll get more interest on top.It's just going to compound the problem.If more and more people find themselves in this situation,and cant find a job,there only way out will be to sell the house. '' I believe the number of mortgage delinquents is low, compared to the number of loans out there.'' How do you it's low?
