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Special Episode - Deferring Your Mortgage Payments in Canada - Richard Moxley, Credit Expert & Author of The Credit Game

More Money Podcast

English - April 02, 2020 05:00 - 20 minutes - ★★★★★ - 100 ratings
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Previous Episode: 235 How to Achieve Different Types of Financial Goals - Alyssa Davies, Author of The 100 Day Financial Goal Journal & Blogger/YouTuber at Mixed Up Money
Next Episode: How to Manage Your Anxiety with the Stock Market & Pandemic - Money Minute with Jessica Moorhouse

Due to the tanking stock market, mass job layoffs, and the pandemic, many Canadians are finding themselves in a situation where they are no longer earning an income (or now have a reduced income) and don't have an emergency fund. If you don't have any new money coming in and you don't have any money saved up, what can you do? Recently it was announced that some lenders, including the big banks, in Canada will be providing mortgage borrowers the opportunity to defer their mortgage payments. To explain more about what this actually looks like and what this could do to your credit score, I'm joined with credit expert and author Richard Moxley for this special timely episode. More info about mortgage deferrals: https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/covid19-understanding-mortgage-payment-deferral Make sure to support Richard and grab a copy of his new book The Credit Game: https://amzn.to/2y5UjeA
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Due to the tanking stock market, mass job layoffs, and the pandemic, many Canadians are finding themselves in a situation where they are no longer earning an income (or now have a reduced income) and don't have an emergency fund. If you don't have any new money coming in and you don't have any money saved up, what can you do? Recently it was announced that some lenders, including the big banks, in Canada will be providing mortgage borrowers the opportunity to defer their mortgage payments. To explain more about what this actually looks like and what this could do to your credit score, I'm joined with credit expert and author Richard Moxley for this special timely episode. More info about mortgage deferrals: https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/covid19-understanding-mortgage-payment-deferral Make sure to support Richard and grab a copy of his new book The Credit Game: https://amzn.to/2y5UjeA

Learn more about your ad choices. Visit megaphone.fm/adchoices