April 14, 2020
Are you requesting financial relief for your mortgage? You might want to consider reading the below first.
Apart from the fact that you may experience dreadful wait times with your financial institution, you should also consider the long term affects of a deferred mortgage. If you use the skip a payment calculator for your mortgage and lets say it’s $2,500/month towards your mortgage that has 20 years left remaining on amortization, with a 3 percent rate and you defer for six months, you’ll owe an extra $11,508 in additional interest costs over your remaining amortization period. Before you make a decision that could cost you thousands please consult with your trusted mortgage advisor. Please contact me using the contact form below if you need financial relief for your mortgage.
Mortgage Planner , AMP