Mortgage Relief

Mortgage Deferral Program may not be right for you! To find out if this program is suitable for your financial needs contact us today. Alternative options are available!

For many of you, the Covid-19 pandemic has had a gloomy outcome placing more stress on your financial situation than expected. For this reason banks and mortgage companies have offered some relief to help clients deal with the financial burden.

The Mortgage Deferral Program has been the first line of defense for thousands of homeowners looking for immediate financial relief. A Mortgage Deferral is not payment "forgiveness" that allows you to simply miss payments. While you don't pay anything at all during the relief period, your lender will add the interest accrued during the skipped period to your outstanding balance, which means your mortgage balance will increase. Your payments remain the same for the rest of your term but can increase at renewal to account for the higher balance. Some lenders may increase your payments after the deferral.

We can help you determine if this is right for you and advise how to apply. Click APPLY NOW, fill out the quick and easy application with a brief description of your situation and a agent will get back to shortly or feel free to call us at 416-ANSWERS (267-9377).

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