πŸ” 𝐁𝐒𝐠 𝐁𝐚𝐧𝐀𝐬 𝐎𝐟𝐟𝐞𝐫 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 πƒπžπŸπžπ«π«πšπ₯ π‘πžπ₯𝐒𝐞𝐟

There was rumor earlier this week that there might be an option to have Mortgage payments deferred.

It was announced that the 6 Big banks will allow a mortgage deferral up to 6 months. Β This includes RBC, TD, BMO, Scotia Bank, CIBC, National Bank.

This will be effective immediately. Β 

Talk to your Bank about what this looks like for you. Β I would imagine the phone lines will be very difficult to get through. Β We have reached out to National Bank and can offer what this looks like for our clients should they need to take advantage. Β 

My only suggestion is to not treat this as a financial holiday. Β At this point we don’t know the long term economic effects. Β If you take the deferral now for 6 month, do what you can to prepare should this situation prevail longer.

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