If you haven’t done so already, looking into the options being made available to defer your Edmonton mortgage may be something worth looking into. You can ask to defer your mortgage up to 6 months and may even be able to defer other loans and/or credit cards. Please expect a potentially lengthy wait time and be sure to ask important questions regarding deferral. If you don’t already know where to call – here is a list of all banks for your reference:
ATB Financial | 1-800-332-8383 |www.atb.com
B2B Bank | 1 800 263 8349 | www.b2bbank.com
Bank of Montreal (BMO) | 1-877-895-3278 | www.bmo.com
Bridgewater Bank| 1-866-243-4301 | www.bridgewaterbank.ca
Canadian Imperial Bank Of Canada (CIBC) | 1-800-465-2422 | www.cibc.com
CMLS Financial | 1-888-995-2657 | www.cmls.ca
Optimum Mortgage 1-866-441-3775 |www.optimummortgage.ca
Equitable Bank | 1-888-334-3313 | www.equitablebank.ca
Connect First Credit Union | 403-736-4000 | www.connectfirstcu.com
Chinook Financial | 403-934-3358 | www.chinookfinancial.com
First Calgary Financial | 403-736-4000 | www.firstcalgary.com
First National | 1-888-488-0794 | www.firstnational.ca
Haventree Bank | 1-855-272-0051 | www.haventreebank.com
Home Trust | 1-855-270-3630 | www.hometrust.ca
HSBC | 1-888-310-4722 | www.hsbc.ca
ICICI Bank | 1-888-424-2422 | www.icicibank.com
Manulife | 1-877-765-2265 | www.manulife.ca
MCAP | 1-800-265-2624 | www.mcap.com
Merix | 1-877-637-4911 | www.merixfinancial.com
Marathon Mortgage | 1-855-503-6060 | www.marathonmortgage.ca
Royal Bank Of Canada (RBC) | 1-866-809-5800 | www.rbcroyalbank.com
RFA Capital Holdings | 1-877-416-7873 | www.rfa.ca
RMG Mortgages | 1-866-809-5800 | www.rmgmortgages.ca
Scotia Bank | 1-800-472-6842 | www.scotiabank.com
Servus Credit Union | 1-877-378-8728 | www.servus.ca
Street Capital 1-866-683-8090 (Now part of RFA)
TD Canada Trust | 1-866-222-3456 |www.td.com
Important Questions You Should Consider Asking:
1. Will your property tax portion be deferred?
2. How will the interest be calculated on these deferred payments?
3. Is the life insurance portion also deferred?
4. What will happen at the end of the term?
5. Will the payments be blended into the remainder of the term after the deferment period (ideal option)?
Please remember, our Edmonton real estate team is here for you during this time. Stay healthy and safe.
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