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Coronavirus: Need help with mortgage payments? There are options

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The coronavirus pandemic is causing workers across Canada to fret for their incomes. Whether you’re worried about the security of your office job, seeing reduced hours or expecting less income from your business or freelancing, the possibility of not being able to make the bills may have crossed your mind.

And of all bills, mortgage payments are the ones people are usually most worried about, according to Rob McLister, a Toronto-based mortgage broker and founder of rates-comparisons site RateSpy.com.

Many also resort to cash advances on their credit cards to keep paying their mortgage lender, he added. Another very common and much less costly way to paper over temporary dips in income is to draw from a line of credit, if you already have

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
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Brazil
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Deaths: 608 235
Recovered: 0
United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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