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mortgage deferral: TD allows you 4 missed payments - 02/05/09 10:40 AM
With some of the blame being thrown on banks for not helping us out of this economic downturn, at least TD is attempting something, albeit minor in my opinion.
Now you can defer up to four mortgage payments at any time during its tenure. You still pay interest, and future payments are adjusted to ensure the mortgage renewal date doesn't change. After all, we can't disturb the bank's mandate of making money for its stakeholders according to schedule, can we?
If you're going through some rough periods, it'll put some grocery money in your pocket, at least.TD calls it an extension … (1 comments)

 

Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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