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Why Avoiding Communication With Your Lender Makes Things Worse
Read more about Why Avoiding Communication With Your Lender Makes Things WorseWhen money gets tight, many homeowners panic and believe the best move is to ghost their lenders. They ignore calls, toss letters, or leave emails unopened. But staying silent usually makes things way worse. It speeds up legal procedures, such as power of sale, which is essentially when the lender sells the home under mortgage…
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Can You Get a Loan While in Arrears? What Ontario Homeowners Should Know
Read more about Can You Get a Loan While in Arrears? What Ontario Homeowners Should KnowMortgage arrears don’t just appear overnight. Maybe you lost your job. Perhaps an unexpected expense drained your savings. Or maybe the payments just got out of hand. Now you’re getting notices from the lender, and the threat of power of sale feels more real by the day. If you’re in Ontario and behind on your…
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4 Warning Signs Your Lender Is Preparing for Power of Sale
Read more about 4 Warning Signs Your Lender Is Preparing for Power of SaleFalling behind on mortgage payments can be very stressful. Homeowners in Ontario must be on their guard since lenders can recover unpaid debts by proceeding with a power of sale. Knowing the early warning signs of a possible power of sale is good. Time will become of the essence, and at that moment, it is…
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Private vs. Traditional Lenders: Which Is Better When Facing Power of Sale?
Read more about Private vs. Traditional Lenders: Which Is Better When Facing Power of Sale?Power of sale notices can be stressful for any homeowner, especially those living in Ontario. It could be deciding whether to save your home or lose it to your lender, who will sell it if you miss mortgage payments. In these urgent circumstances, homeowners consider two options to finance: traditional banks and private lenders. Whichever…
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