Payment Relief Mortgage
Payment-Free Mortgage Solutions for Homeowners and Investors with a Clear Exit Strategy.
Flexible 1 and 2 Year No-Payment Mortgage Options.
A no-payment mortgage allows qualified homeowners and rental property owners to defer mortgage payments for 1 or 2 years while navigating life events, seasonal income fluctuations, debt consolidation, retirement transitions, or property sales. Available for owner-occupied and rental properties, these short-term financing solutions require a clear exit strategy, such as a home sale, access to investments, or the sale of another property. Ideal for self-employed borrowers and clients expecting future cash flow improvements before mortgage maturity.
Payment Relief Terms
680+
600-679+
<600
6.99%
7.99%
8.99%
2%
2%
2.5%
1 or 2 yr
1 or 2 yr
1 yr
65% Max*
65% Max*
60% Max*
*Loan-to-value includes the interest owing for the term.
We create professional mortgage solutions. brands!
Frequently asked questions
A no-payment mortgage allows qualified homeowners and rental property owners to defer their mortgage payments for 1 or 2 years. Instead of making monthly payments, borrowers can preserve cash flow while managing life events, seasonal income changes, debt consolidation, retirement planning, or property sales. These short-term mortgage solutions require a clear exit strategy, such as selling a property, accessing investments, or using future income to repay the loan at maturity.
Homeowners and rental property owners in the Greater Toronto Area (GTA), Kitchener-Waterloo (KW), and Ottawa may qualify for a no-payment mortgage. The program is available for owner-occupied and investment properties with loan amounts between $250,000 and $1.5 million. Borrowers typically need minimal income documentation and can qualify with credit scores of 600+, while applicants with lower credit scores may still be eligible under specific lending criteria.
No-payment mortgage rates start at 6.99% for borrowers with a credit score of 680+, 7.99% for scores between 600 and 679, and 8.99% for scores below 600. Maximum loan-to-value (LTV) is 65% for most borrowers and 60% for credit scores under 600. Terms are available for 1 or 2 years, and the mortgage is open after the first 6 months (with a 3-month interest penalty during the initial period). A documented exit strategy is required for approval.
What Our Clients Say After Working With Us.
My husband and I have had the pleasure of dealing with Kiran from Interfinance Mortgages on a couple occasions and she has exceeded our expectations. Very straight to the point, honest and helpful. Would highly recommend!
Pretty R.
Working with Kiran at Interfinance Mortgage Corporation was a fantastic experience. She helped us secure a home construction loan, and the entire process was handled with professionalism, patience, and genuine care.
Baskaran R.
Was placed in a sticky situation. Kiran and her team at Interfinance were extremely helpful. They put together a mortgage when no other lender could help. They are trustworthy and fast. They are easy to speak with and can help clear your debt.
Gagandeep K.