UPDATE from Synergy Mortgage during COVID-19 Crisis

We hope all of our valued clients are doing well and staying safe during these unprecedented times.  We are OPEN FOR BUSINESS as we are able to work remotely online via phone and email, as are our lenders.  Appraisers have shifted their practices and are now able to perform appraisals without physically viewing the inside of a property.  Lawyers and notaries continue to meet in person with clients in a safe manner, as they are required, by law, to do so.  As these events unfold, please check in with us to see how it may effect your purchase or refinance.   Now, more than ever, it is a time to support your local online business, such as Synergy Mortgage!

Mortgage Payment Deferrals
The majority of lenders in Canada are allowing payment deferrals up to 6 months on an ‘as-needed’ basis.  This is not payment forgiveness, but the payments are deferred.  This is done on a case-by-case basis for those who are unable to meet their mortgage obligations during times of financial crisis.  If you are in need of payment deferral, you can contact us and we can give you the number to contact your lender directly.
Essential Services Only in Ontario – BC to follow?
As was announced yesterday, Ontario has gone to essential services only.  While BC has not done this yet, Mortgage Professionals Canada has confirmed with the Ontario government that companies “in the supply chain providing services to the banks and lending institutions,” are included. This includes mortgage brokers. Additional related industries also deemed essential include (65.) lawyers and accountants, and (67.) land registration services, and real estate agent services and moving services.
For today’s mortgage rates click here
Thank You,
Dorothy Bried, MB + Chana Charach, MB
Mortgage Brokers
Office: 604.269.9419
Email: Team@SynergyMortgage.ca

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