As previously stated, you will be allowed for a payment deferral and we will defer your late amounts in order to update your mortgage. This letter describes what a payment deferral is and how it affects your mortgage. If you are able to resume payments but are unable to pay the amount due, you may be entitled to a repayment plan or a life extension in the event of a disaster, an extended change in the damaged capitalization or an advance for the restoration of mortgages in the event of a disaster. **No interest is calculated on all overdue amounts to be carried forward. Deferral of payment does not change other terms of your mortgage. COVID – 19 payment deferrals. This would delay payments suspended due to leniency. The deferred amount would then be due at the earliest during these events: the due date of the mortgage, the date of payment or the sale of the property. If you have unpaid trusts, taxes and the amount of insurance for your payment may increase.

You must provide us with some personal information and select “Request for payment deferral due to uncertainties caused by the coronavirus” from the drop-down menu. To request a three-month payment deferral, please complete an online application using the button below…