What you need to know about deferring mortgage payments

By Joannah Connolly / Glacier Media Real Estate
With more than a million Canadian homeowners trying to defer payments, many with little success, five mortgage brokers offer insight and advice

Since the banks announced that homeowners struggling in the COVID-19 pandemic could defer mortgage payments for up to six months, more than a million Canadians are reported to have tried to take up the offer. But with phone lines jammed, and websites unable to process applications that are assessed on a case-by-case basis, many homeowners looking for a deferral or seeking answers have had little success.…

Source:: What you need to know about deferring mortgage payments

• Whistler News

March 26, 2020

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