Document background
The Hardship Affidavit For Mortgage is a critical document in Singapore's mortgage relief process, designed to help borrowers experiencing genuine financial difficulties. It serves as a formal declaration of the borrower's financial circumstances, including income reduction, job loss, medical emergencies, or other qualifying hardships. The document must meet specific requirements under Singapore law, including MAS guidelines and banking regulations. It typically includes comprehensive financial information, supporting documentation, and specific relief requests, forming the basis for lenders to evaluate mortgage modification or assistance programs.
