Coronavirus: Need help with mortgage payments? There are options
The coronavirus pandemic is causing workers across Canada to fret for their incomes. Whether you’re worried about the security of your office job, seeing reduced hours or expecting less income from your business or freelancing, the possibility of not being able to make the bills may have crossed your mind.
And of all bills, mortgage payments are the ones people are usually most worried about, according to Rob McLister, a Toronto-based mortgage broker and founder of rates-comparisons site RateSpy.com.
Many also resort to cash advances on their credit cards to keep paying their mortgage lender, he added.
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