22 Apr

Covid-19 Update

Latest News

Posted by: John Panagakos

As we continue to be in unprecedented times, I understand that the COVID-19 outbreak is taking a toll on families across the country with many parents being out of work or quarantined.  I want you to know that I understand your concerns and, most importantly, I am here to support you.

As Canadians, we are fortunate to live in such a community-centered country and to be surrounded by banks and lenders who care for their customers. As a result, many of our major lenders are providing beneficial options during this time to help alleviate some of the financial stress you may be facing. Depending on your lender, you will be able to defer your mortgage payments for up to (6) months as well as being able to potentially re-amortize the loan or make special payment arrangements. This will offer some temporary relief for those with any loss of income as a result of this crisis.

It is important to contact your lender, before you have any missed payments. 

If you have any questions around mortgage options, or are simply looking for advice please reach out to me directly via phone or e-mail.