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Old 4 April 2020, 11:48 PM   #5106
Kainz
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Join Date: Jul 2013
Location: Montreal
Watch: Tudor
Posts: 165
Quote:
Originally Posted by brandrea View Post
The 6 month staycation on mortgages is a creative idea and I’ve heard as of yesterday that over 500,000 applications have been received. I’m curious what sort of proof if any, the applicants must show to qualify.



FWIW most of our bank branches are closed here in Waterloo Ontario.



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As someone said, you can do it online, call the customer service(it's a long wait) or call his advisor, tbh, I asked why they want to skip their payments, usually it's due to a job loss and I quickly check their mortgage to see if they have any late payments. that's pretty much it. The thing that many do not know, the interest doesn't stop and you still have to pay the insurance and taxes on your mortgage.

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