Mortgage Blog

COVID-19 Mortgage Relief

March 18, 2020 | Posted by: Tania Kalinich

Canada's six largest banks announced plans to provide financial relief to thier clients that may be impacted by the economic consequences of COVID-19.

For those who qualify, you may be eligible for up to six months relief on mortgage payments and other credit products.  For options available to you it's best to contact your lender directly.

Keep in mind that you don't want to do this uless you have to as they aren't free payments.  They will be tacked on to the end of your mortgage.  If you are in financial strain please don't wait until you're not able to make the payments to call.  Get ahead of it and plan!

If you're not with one of the big six banks, other lenders are also offerin relief so please contact the directly for options available.  

As always if you have any questions or think refinancing might help you during this unknow time please reach out.

Keep Safe!

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