We have had many inquiries regarding mortgage deferral and relief programs over the last week. We understand these are very important questions. There is some good news in this very stressful time for people who are worried about making their mortgage payments.
Canadian mortgage insurers are backing the current crisis and are working with our lenders to develop policies to either skip or defer mortgage payments.
However, it’s important to know that these are on a case-by-case basis so please, reach out to your lenders directly. You also may not receive an answer right away. As each case is different, it may take 2-4 business days for a response.
Click here to learn about financial measures put in place by our Federal Goverment:
As well visit the Dominion Head Office page for a detailed page on covid-19 lender number’s and an overview of the changes we are currently seeing. Both pages update frequently and will not have outdated information.
Again – if you have having trouble finding a number to contact your lender at go here.