
Mortgages On Point
We are client-focused Mortgage Professionals commited to making financial freedom a reality
Residential and Commercial Mortgages - Residential and Commercial Purchases - Residential and Commercial Refinances
COVID-19 UPDATE
Deferred Mortgage Payment Programs
GENERAL INFORMATION
Deferred Mortgage Payments
Lenders are offering payment deferral to those affected by COVID-19. Not all lenders have the same
policies for these requests and not all lenders are participating in this program. Payment deferral does
not mean you never have to make those payments.
It means that the interest will continue to accrue. At the end of the period you will be required to catch
up on your payments in a timely manner above the regular scheduled payment amount. This could pose
financial hardship
The program is for those that are struggling as a result COVID-19, plant closures, layoffs, reduced
income. If this is you, you should reach out to your lender. If you have not directly been affected as
result of COVID-19 you will not likely be eligible to participate in this program, and you must continue to
make your payments as normal.
Lenders phones and emails are inundated from those that are not affected as a result of COVID-19. If
you still have your regular income, do not contact your lender as you do not fit the guidelines of this
program. If you are unsure, reach out to your mortgage broker or agent. They will be able to give you
guidance.
Deferral of your mortgage payments may possibly be permitted up to six months providing you meet all
of the lenders criteria.
You may want to increase your amortization (life of the mortgage) back to the original amortization to
reduce the regular payment amount.
Rental Properties
If you own a rental property and your tenants have stopped paying rent as a result of COVID-19, you
may be eligible for deferred payments. Same guidelines as owner occupied properties will apply. If you
have tenants impacted from this pandemic, you should encourage them to reach out to the provincial
government to find out what programs are available to them.
Please remember these are trying times for all of us including your lenders. If we at Mortgages On Point
can assist you, please reach out to us.
BE KIND AND BE SAFE!
SERVICES
Mortgage Professionals who will help you finance your dream home



Mortgage Solutions
Whether you're a first-time home buyer or you want to invest in a fix-and-flip property, refinance to take out equity, come to us. We're mortgage brokers and agents who find quality financial solutions fast.
Whether you're a first-time home buyer or you want to invest in a fix-and-flip property, refinance to take out equity, come to us. We're mortgage brokers and agents who find quality financial solutions fast.
First Time Homebuyer
Finding a mortgage doesn't need to be confusing. Let us remove the stress from this process by analyzing your finances and securing an agreement that matches them.
Re-Mortgaging
When you need to free up funds, remortgaging is one of the easiest ways to do so. We'll make sure you remortgage in a way that's appropriate for your financial future.
ABOUT
Honest Mortgage Professionals with a commitment to helping clients maximize their budget.
At Mortgages On Point, our mortgage brokers and agents know what it takes to help clients get their foot on the property ladder.
Each day, our team strives to stay abreast of the latest market developments. As a result, we're adept at helping homeowners secure the best deals and a brighter future.
Our Lenders

CLIENT TESTIMONIALS
What some recent clients say about their experience with Mortgages On Point
Superb Service
"Thank you Mortgages On Point! Our situation was not typical however, our journey had so many twists and turns and you were able to get it done."
— Romona D
CONTACT
Head Office
603 Millway Avenue, Unit 22
Concord, ON L4K 3T9, Canada
Tel: 416-201-0051
Reach Out
For any inquiries, please call: 416-201-0051 or click the contact us button below and to send a message.
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