Covid-19 Mortgage Deferment Plan

This announcement applies to borrowers with an insured mortgage (generally those who bought with less than a 20% down payment - but not exclusively)

 You can read the entire CMHC COVID-19 Announcement

 

Tools include:

- Deferral of payment

- Re-amortization of the mortgage

- Capitalization of outstanding interest arrears and other eligible expenses

- Special payment arrangements

If you find yourself in the position that you are about to be self-isolated, or quarantined and need help with your mortgage payments, please reach out directly to your lender. 

Most lenders have options available to skip-a-payment or put a payment on hold (even before this new CMHC announcement).  

It is imperative, however, that you contact your lender to request a deferment. Each lender has different options, and with how quickly COVID-19 is developing, lenders are updating their policies to help, regardless of whether you have CMHC default insurance on your mortgage, or not. 

Some of our most common lenders are listed below, with their customer service phone numbers so you can discuss your skip a payment or hold payments options. 

Call volumes are extremely high, so I recommend that you try very early in the morning or the evening when call volumes have decreased a little.

LIST OF LENDERS CONTACT NUMBERS

ATB 1-800-332-8383

B2B 1 800 263 8349

BMO 1-877-895-3278

Bridgewater 1-866-243-4301

CIBC 1-800-465-2422

CMLS 1-888-995-2657

Optimum 1-866-441-3775

Equitable 1-888-334-3313

Connect First 403-736-4000

Chinook Financial 403-934-3358

First Calgary Financial 403-736-4000

First National 1-888-488-0794

Haventree 1-855-272-0051

Home Trust 1-855-270-3630

HSBC 1-888-310-4722

ICICI 1-888-424-2422

Manulife 1-877-765-2265

MCAP 1-800-265-2624

Merix 1-877-637-4911

Marathon 1-855-503-6060

RBC 1-866-809-5800

RFA 1-877-416-7873

RMG 1-866-809-5800

Scotia 1-800-472-6842

Servus 1-877-378-8728

Street Capital 1-866-683-8090

TD 1-866-222-3456

ATB 1-800-332-8383