Value Bomb: Mortgage Deferral Programs

 In Market Update, Value Bombs

Hi everyone, if you or a loved one anticipate having trouble paying your mortgage due to the COVID-19 pandemic, there may be relief for you through a mortgage deferral.

It is a good idea to call your lender and ask them what type of mortgage deferral programs they may be offering during this time. I’ve heard of lenders offering anywhere from 3 to even 6 month deferrals but every lender is different with their guidelines and how they structure repayment of the deferral. It certainly can’t hurt to ask and give them a call just to see and it might help ease the pressure of bills during this uncertain time.

Good luck and bye for now!

 

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