Mortgage deferral impact on credit?
Folks, does anyone known if mortgage deferral on 1 or many properties will impact credit rating internally (banks) or on credit bureau?
Apr 11th, 2020 4:36 pm
Apr 11th, 2020 6:14 pm
Apr 11th, 2020 7:33 pm
TD confirmed "no"hammadarif wrote: ↑Folks, does anyone known if mortgage deferral on 1 or many properties will impact credit rating internally (banks) or on credit bureau?
Apr 11th, 2020 7:57 pm
It does not impact your credit.hammadarif wrote: ↑ Folks, does anyone known if mortgage deferral on 1 or many properties will impact credit rating internally (banks) or on credit bureau?
Apr 12th, 2020 11:12 am
Apr 12th, 2020 2:53 pm
Apr 12th, 2020 4:17 pm
You need to go to your mortgage lender's website and read whatever examples and information that they have and see how it affects you with your current mortgage balance, rate and amortization. Whether the cost is minimal or not depends on what you consider to be a minimal cost. Is potentially thousands of dollars in extra interest minimal to you?
Apr 13th, 2020 5:09 pm