❓Missed a mortgage payment — what should you do first? 🏠⏰ Don’t panic — timing and communication matter. If a payment is missed, lenders usually allow 10–15 business days to hear from you. The most important step? Reach out right away. 📞 ✅ Let your lender know the payment is coming ✅ Ask for a short delay if needed ✅ Give 1–2 weeks’ notice whenever possible When lenders are informed, they can note it on your file and often help you work through the situation — instead of escalating it. At #Can
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How To Pay Off Your Mortgage Early In Canada
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Divide Your Monthly Mortgage Payment By 2, And start paying it every 2 weeks (Bi-Weekly). This can be done by changing the payment frequency from Monthly to Accelerated Bi-weekly. Comment "Payoff" to save interest and become mortgage-free early. #mortgage #homebuying #Canada | Canadian Financial Literacy
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Consider more than just the rate when searching for home financing. Pre-payment options can allow you to pay down your mortgage faster, without penalty. Penalties may apply to you if you are paying back the loan before the end of your term. Easy peasy! #mortgage #ontario #ontariohousingmarket #canada🇨🇦 #finance #entrepreneur #womenownedbusiness #bankofcanada #homeimprovement #huntsvilleontario #muskoka
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