I'm currently 26 weeks pregnant, before trying for a baby I sat down and looked hard at our bills and finances to make sure we could avoid a baby and for me to take 6 months off work, and it all looked good. However now I'm a bit concerned that our post-baby expenses may be more than I've budgeted for so I was thinking we could do a mortgage repayment holiday for a few months at the end of my leave, as we're about $11,000 ahead of our scheduled repayments. However I was just wondering whether there are any implications of doing this, like a higher minimum repayment or any other terms which may not be obvious? We're with NAB if that makes any difference.
Thanks and I look forward to hearing from you :-)