If you’re one of the many people financially affected by the COVID-19 global health crisis, you may be scrambling to pay your rent or mortgage. If you’ve been looking into ways to cope, you may have considered asking your landlord or financial institution for a rent or mortgage deferral. Considering there are a lot of uncertainties around this virus and the world itself, we wanted to check in with an expert on these matters, and thankfully finance expert Samantha Brookes is here to help.
The COVID-19 crisis has upended the world as we know it, and many of us are scrambling to adjust. As layoffs occur in many industries, people find themselves without income and unable to pay critical bills, including their rent or mortgage payments. Here in Ontario, there has been much talk of financial aid and relief from those fees as we navigate this crisis.
When it comes to COVID-19 and the myriad of issues around it, there is a LOT of information out there, and it’s hard to discern what’s useful from what’s not. When it comes to something as important as your finances however, it’s important to get it right, which is why we’re grateful for the expertise of Samantha Brookes in this turbulent time. Samantha is a finance expert and mortgage guru, and in her latest Instagram post, she gives us the goods on what it really means to have your mortgage or rent payments deferred.
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In this video I discuss what happens when you defer a payment. Many homeowners don’t quite understand how it all works but it’s important to know how it affects your balance. . . . If you have any questions or comments drop me a line below. I love hearing from you! . . . #mortgagebroker #torontorealestate #torontomortgagebroker #covid_19 #federalreserve #government #deferpayments #entrepreneur #landlords #renters #torontolandlords #torontorenters #entrepreneurlife #millionairemindset #millionairelifestyle #speaker #author #momboss