Given recent global events, lenders understand that these may be difficult times for homeowners. In order to provide some assistance, most lenders offer homeowners to skip a payment or hold a payment.
Mortgage insurers are releasing a program allowing payment deferral up to 6 months (no payments for up to 6 months), re-amortizing your mortgage, capitalizing outstanding interest arrears and special payment arrangements.
These are designed for short term payment relief, lowering your payments, and to help with any financial distress caused by recent events.
Please click on this link for further information.
Below is a list of some lenders customer service lines. Call volumes are up so please be patient when dialing in.
- BMO 1-877-895-3278
- CIBC 1-800-465-2422
- First National 1-888-488-0794
- HSBC 1-888-310-4722
- MCAP 1-800-265-2624
- Merix 1-877-637-4911
- RBC 1-866-809-5800
- RMG 1-866-809-5800
- Scotia 1-800-472-6842
- Street Capital 1-866-683-8090
- TD 1-866-222-3456
If you have any questions or need assistance please do not hesitate to contact me.