Mortgage Payment Relief

Get support with your mortgage payments

We're here to support you if you're struggling to make mortgage payments. From the increased cost of living to rising interest rates, we understand the difficulties you may be facing.

Short-term relief options

These options may help if you’re experiencing a temporary reduction or loss of income, or if unexpected expenses are impacting your finances.

Reduce your mortgage payments Skip to reduce your mortgage payments.
Skip to reduce your mortgage payments.If you're making accelerated payments, learn how you can reduce those payments and revert back to your original amortization schedule.

Pay only interest temporarily
Skip to pay only interest temporarily.Discover how you can reduce your mortgage payments by only paying the interest for a short time.

Defer your mortgage payments
Skip to defer your mortgage payments.Learn how you can temporarily pause your mortgage payments.

Long-term relief options

These options may be right for you if you’re experiencing a permanent reduction in income.

Refinance your mortgage Skip to refinance your mortgage.
Find out how you can refinance your mortgage and consolidate your debt into a single lower payment.

Extend your mortgage amortization period
Skip to extend your mortgage amortization period.Learn how you can temporarily reduce your mortgage payment amount until maturity.

Make a lump sum payment
Skip to make a lump sum payment.Discover how making a lump sum payment can reduce your mortgage payments or shorten your remaining amortization.

Explore short-term mortgage relief options

Reduce your mortgage payments

If you're on an accelerated mortgage payment schedule, you can revert back to a longer amortization period to reduce your mortgage payments.

Benefits of reducing your payments:

You'll temporarily increase your cash flow due to the reduced mortgage payment
You can take advantage of this relief option at any time

Drawback of reducing your payments:

You'll pay more interest over time and it will take longer to pay off your mortgage

Call us today to learn more about reducing your mortgage payments: 1-877-423-5687 Opens your phone app.

Pay only interest temporarily

If you're struggling with cash flow, you can reduce your mortgage payments by paying only the interest for a short time. If you choose this relief option, you must continue making any applicable property tax or creditor insurance payments.

Benefits of interest-only payments:

Your cash flow will be increased temporarily
You'll only have to pay the interest charged on the mortgage

Drawback of interest-only payments:

Your mortgage payments will increase after the temporary relief period due to missed principal payments

Call us today to learn more about making interest-only payments: 1-877-423-5687 Opens your phone app.

Defer your mortgage payments

You may be able to pause your mortgage payments temporarily if you're struggling with cash flow. Any interest owed over the deferral period will be added to your mortgage balance. If you choose this relief option, you must continue making any applicable property tax or creditor insurance payments.

Benefits of deferring your payments:

Your cash flow increases for a short period of time
Your mortgage payments aren't required until the relief period is finished

Drawbacks of deferring your payments:

You can only defer your payments for up to 4 months
You'll have to complete an assessment to determine if you qualify
Your mortgage payments will increase after the relief period is completed due to the missed payments

Call us today to learn more about deferring your mortgage payments: 1-877-423-5687 Opens your phone app.

Reduce payments