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



Deferred Mortgage Payment Programs

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

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.



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.


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.



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


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


Get In Touch
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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