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Does scotia bank let you miss one mortgage payment in the year

 
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Cleveland


Does scotia bank let you miss one mortgage payment in the year?
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    Q. If i miss a mortgage payment can the bank take my equity?


    "If you miss just one or two mortgage payments the bank will not take..."



    If you miss just one or two mortgage payments the bank will not take your property. Its a lengthy process which takes about 6 to 8 month. If you missed a mortgage I would suggest to be in contact with the bank and to let them know when you will make the missed payment.

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    Q. What happens if i miss a mortgage payment with rbc?


    "When you miss a payment with rbc you can schedule to..."



    When you miss a payment with RBC you can schedule to complete the payment on the next withdrawal of mortgage payment. Just call the bank and speak to one of the account managers if you need more then a month extension.

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