Chad E. Wilson AMP, Ideal Mortgage Solutions
739 Waterloo Street R3N 0T3 Winnipeg, MB, Canada

This is good news for Canadians.

Mortgage Payment Relief - Covid-19 If you or someone you know has run into tough financial times due to the effects of the virus, there have been measures put in place to assist. Job loss, or the inability to meet the commitments of your mortgage as a result of the times we're facing. Insurers (CMHC, Genworth, and Canada Guarantee) already have programs in place with the banks/lenders that allowed them to capitalize up to 4 monthly payments. Today they announced that they... will consider extending the program to allow up to 6 months of capitalization provided that: 1. Original insured loan amount is not exceeded 2. Request to cap payments is received prior to Sept 3, 2020 3. Bank/lender confirms the capitalization is being applied reasonably to help mitigate short-term financial difficulty resulting from COVID-19. The insurers have several other default management tools available which include: payment deferral, loan re-amortization, and other special payment arrangements. All assistance options will be considered on a case by case basis. The programs are facilitated through the banks/lenders and therefore you should contact your lender directly for further assistance. Some banks/lenders have their own assistance options as well. Here is a list of customer service numbers: B2B 1 800 263 8349 BMO 1-877-895-3278 Bridgewater 1-866-243-4301 CIBC 1-800-465-2422 CMLS 1-888-995-2657 Optimum 1-866-441-3775 Equitable 1-888-334-3313 Connect First 403-736-4000 First National 1-888-488-0794 Haventree 1-855-272-0051 Home Trust 1-855-270-3630 HSBC 1-888-310-4722 ICICI 1-888-424-2422 Manulife 1-877-765-2265 MCAP 1-800-265-2624 Merix 1-877-637-4911 Marathon 1-855-503-6060 RBC 1-866-809-5800 RFA 1-877-416-7873 RMG 1-866-809-5800 Scotia 1-800-472-6842 Servus 1-877-378-8728 Street Capital 1-866-683-8090 TD 1-866-222-3456 As mentioned, I'm here to assist any clients that have questions or concerns about this. At the present time however, my response times may be slower than usual due to unprecedented volumes relating to this matter. Chad E Wilson 204.488.2416 [email protected]

My #1 priority right now is the health and safety of my family and clients. I will continue to be working over the next few weeks but I understand that limiting social interaction is very important right now. Please know that we are able to accommodate applications and updates over the phone and via email. We can also arrange a video call or FaceTime if that is preferred. During these evolving times, we are committed to continuing our expert mortgage advice and maintaining our excellent customer service.

Video # 2 - What, fixed mortgage rates can increase when all we're reading is that rates are falling? A brief description on the differences between fixed and variable rates here...

Changes to the mortgage stress test & a further emergency cut to the B of C Key lending rate