COVID19- MORTGAGE DEFERRALS, AND INCREASING MORTGAGE RATES WITH I CONNECT MORTGAGES MORTGAGE AGENT

March 31, 2020

As many Canadians are facing questions surrounding their financial stability amid the COVID-19 crisis, I reached out to one of my Mortgage Brokers for clarification and information around Deferring Mortgage Payments, and Rising Mortgage Rates in light of the current pandemic.

On Today's Episode of the Jenn Foley Show, I have a special guest, Varan Karunanantham, Mortgage Agent with I Connect Mortgages. In this interview, he says there are things you can to do ease the financial burden, and to understand how it works to defer a payment. As well, he explains why with bond rates going down, that mortgage rates going up.

Attached is a link to a great resource, from CMHC (Canada Mortgage and Housing Canada) site. https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/covid19-understanding-mortgage-payment-deferral

As well, Varan website, and contact info can be found in this link for any direct questions you may have for him. https://www.iconnectmortgages.ca/about-us/

Be Safe. Be Well. And Remember #WeWillGetThroughThisTogether

Jennifer Foley, Real Estate Broker

RE/Max Rouge River Realty ltd Brokerage

289.460.2564

www.JenniferFoley.ca