Stop Mortgage Arrears – Avoid Losing Your Home
We can work to find the financing you need to restore your mortgage back to good standing and save your home.
Our team works with you to find the right fit!
Get back on track with a home equity loan or home equity line of credit.
Catch up on missed payments today.
Financial trouble can happen to anyone and at any time. Missed mortgage payments can happen to anyone at any time. Life can be unpredictable and unexpected expenses can lead to unexpected debts. Missing your mortgage payments wasn’t part of the plan – but it’s happened. We can help you get back on track.
Year over year, Canadian household debt levels have continued to rise. Many homeowners have been dipping into savings or using credit to stay afloat because their regular incomes are already stretched very thin. A large percentage of households are just one unforeseeable circumstance away from serious financial difficulty.
We understand that missing a mortgage payment was never a plan. Life challenges are simply unavoidable and come when you least expect them to. Personal illness or injury, job loss or layoffs – basically any reason that prohibits you from earning the income you’re used to – can upset the balance of paying your bills on time.
As we understand how life can throw a wrench in anyone’s best plans, we can help you with quick home equity financing solutions. Our goal is to get you back on your feet. A second mortgage can also help clear up any outstanding debt, high interest charges and bring your accounts up to date.
A simple home equity loan can pay off any mortgage arrears that you owe so that you can focus on things like getting back to work or recovering from an illness.
Ignoring your arrears is a bad idea. The longer you wait to address that you’ve fallen behind and find a solution to catch up – the greater the chance your home will be jeopardized. The security of your home is tied to your mortgage contract – defaulting means breaking that contract. A breach in your mortgage terms is grounds for repossession and the eventual loss of your home.
The combination of poor repayment history and bad credit are a tough sell to potential lenders. Our team of experts will take the time to understand what went wrong before you apply. We promise to find the right financing for you this time. We’ll work out a plan to get you back on the right track.
In some cases, it may be impossible to address additional debt while fixing your problem with your existing mortgage lender. If you have a lot of equity, you could borrow extra to clear up your debt and mortgage arrears at the same time. By consolidating all of your debt (secured and unsecured) you will be clearing the slate for yourself and giving yourself a chance to rebuild while paying less interest. Starting over is never easy but having a clean slate to start with goes a long way.
Flexible mortgage options are available. A temporary break in principal payments with interest only payments, or prepaid interest payments are both options to give you the breathing room and time you need. Allowing you to focus on your budget and family.
Dedicate yourself to a total debt freedom plan and before you know it, you’ll be qualifying for a traditional bank mortgage again. By that time, you’ll have become accustomed to how easy it is to work with a mortgage broker – you’ll never apply for a mortgage alone again.
Curious about how much equity you have, you can determine just how much you have before you apply. We will base our decision mostly on how much equity you have. You can borrow a significant amount of equity to help stop a mortgage foreclosure and/or clear up other debt(s). You can get a better idea of how much equity you currently have by checking out our easy home equity calculation tool.
Our team of experts has been helping homeowners for 30+ years resolve missed mortgage payments and arrears. We work with many alternative lenders that offer fast and flexible equity based solutions. We’ll help you find the right solution for your borrowing needs. Even if you don’t qualify with your bank today – we can help you turn things around. We also offer in-house credit repair guidance. Our graduation process will eventually have you qualifying for a mortgage anywhere you like.
Even if you’ve filed a bankruptcy or consumer proposal, lost your job or maxxed out your credit, we can help. Give our team a call and let us show you how to rehabilitate your credit and improve your credit score.
Apply online today and we’ll get you an answer in as little as 24 hours. Borrow using your equity – we can help with that!