What could COVID-19 mortgage payment deferral cost?

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Mortgage Agents in High River

In response to the COVID-19 crisis, companies across Canada are doing what they can to help Canadians manage. To help ease the financial stress on Canadians, the Big Six banks are offering mortgage payment deferrals for up to six months to borrowers in “good standing” whose incomes have been interrupted. 

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Original Article Source Credits: Rate hub , https://www.ratehub.ca/

Article Written By : Jordann Brown

Original Article Posted on : April 6, 2020

Link to Original Article:  https://www.ratehub.ca/blog/what-mortgage-payment-deferral-costs/