How to Qualify for a Mortgage After Bankruptcy

Acquiring a Mortgage Post-Bankruptcy: A Comprehensive Guide Bankruptcy can be a challenging phase in anyone’s life, and it can make the process of securing a mortgage seem like an uphill battle. However, contrary to popular belief, obtaining a mortgage after bankruptcy is not an unattainable feat. This guide will provide an in-depth look into how … Read more

Can I “redo” my mortgage if I file for personal bankruptcy?

Redefining Your Mortgage Post Personal Bankruptcy: A Comprehensive Guide Personal bankruptcy is a legal process that provides relief to individuals struggling with an overwhelming amount of debt. By declaring bankruptcy, you’re essentially stating that you’re financially incapable of paying off your debts as they’re due. The Implication of Bankruptcy on Your Mortgage Filing for bankruptcy … Read more

Will A Second Mortgage Clean Up All Your Debts?

If you’re burdened with an overwhelming amount of credit card debt and you’re a homeowner, you might be considering taking out a second mortgage to alleviate your financial stress. With interest rates at an all-time low and a steady rise in home values, it may seem like the perfect time to consolidate your credit card … Read more

What To Do If Your Mortgage Is In Arrears

Dealing with Mortgage Arrears: A Comprehensive Guide The ongoing pandemic and subsequent financial turmoil have left many Canadians grappling with their mortgage payments. While mortgage deferrals provided some respite, these relief periods have mostly ended. Homeowners often consider their mortgage as the last debt they’d want to default on, and they may resort to acquiring … Read more

What Happens to My Mortgage Debt After Filing Bankruptcy?

Mortgage Debt & Personal Bankruptcy? An In-depth Look Financial distress is a common predicament many homeowners face, and filing for bankruptcy often appears as the only viable option. But what happens to your mortgage debt after filing bankruptcy? The answer to this question largely depends on whether you decide to keep your house or not. … Read more

What Happens To The Shortfall On My Mortgage If It Is Insured?

Understanding Mortgage Shortfalls and Insurance: What You Need to Know Mortgage shortfalls can be a daunting prospect for homeowners. In an unfortunate event when the value of your property is less than your mortgage balance, the difference is known as a mortgage shortfall. But what happens if this mortgage is insured? Let’s delve deeper into … Read more

Reverse Mortgages and Your Retirement

Should I Use a Reverse Mortgage as Part of Retirement Planning? Retirement planning is a crucial aspect of financial management, with reverse mortgages often emerging as one of the potential solutions for those with insufficient savings. This article will delve into the ins and outs of reverse mortgages, assessing their role in retirement planning, their … Read more

Mortgage and Car Loan Debt

Understanding Mortgage and Car Loan Debt In the world of finance, dealing with Mortgage and Car Loan Debt can be a challenging task. Especially when your home or vehicle is at stake, it becomes even more stressful. This article aims to shed light on the intricacies of such debts and provide practical solutions to navigate … Read more

Mortgages and Bankruptcy in Ontario

How an Ontario Bankruptcy Impacts Mortgage Debt As you navigate the world of financial management, you may find yourself facing questions about mortgages and bankruptcy. This comprehensive guide aims to demystify these complex topics. Specifically, we will focus on Ontario’s laws and regulations about mortgages and bankruptcy and how to navigate these waters. Understanding the … Read more

How Long After a Consumer Proposal Can I Get a Mortgage?

Understanding a Consumer Proposal and Its Impact on Mortgage Acquisition A consumer proposal serves as a legal approach to debt relief for numerous Canadians. It is rapidly becoming a popular alternative to bankruptcy. Consumer proposals can shrink your total unsecured debt by as much as 80%, and condense your repayments into a single manageable monthly … Read more

How Long After Bankruptcy Can I Get a Mortgage?

Getting a Mortgage Post-Bankruptcy in Canada: A Comprehensive Guide “Bankruptcy is not the end of your financial journey. It is a fresh start.” One of the most prevailing myths about bankruptcy is that it permanently disqualifies you from securing a mortgage. However, the reality is quite different. In fact, it’s possible to secure a mortgage … Read more

Get Debt Relief From Your Mortgage

How to Obtain Relief From Mortgage Debt: A Comprehensive Guide Financial stress can be enormously taxing, especially when it’s related to potentially losing your home. If you’re finding it challenging to meet your mortgage payments or can’t pay your mortgage at all, this guide will provide you with valuable insights to help you manage your … Read more

Get Help With Mortgage Debt

Finding Relief from Mortgage Debt: A Comprehensive Guide Understanding Mortgage Debt A home is often the most valuable asset one possesses. It’s not merely an investment, but also a sanctuary filled with cherished memories. However, maintaining this asset often comes with a significant financial commitment: mortgage payments. If these payments become overwhelming, it’s time to … Read more

Getting A Mortgage After A Consumer Proposal

Securing a Home Loan Following a Consumer Proposal Life after a consumer proposal can feel daunting, especially when it comes to financial matters. One of the most common concerns is whether it’s possible to secure a mortgage after submitting a consumer proposal. This article will delve into the ins and outs of getting a mortgage … Read more

Does The Mortgage Lender You Choose Matter?

In the modern era of homeownership, potential borrowers are offered a plethora of options when it comes to choosing their mortgage lender. Surprisingly, a significant number are veering away from traditional banking establishments in favour of alternative lending institutions such as credit unions, mortgage brokers, and large companies that specialise in residential mortgages. This change … Read more

Debt Consolidation and Mortgage Debt

Debt Consolidation and Mortgages: A Comprehensive Guide Debt consolidation and mortgages are financial concepts that often intertwine in the world of personal finance. This article provides an in-depth explanation of these concepts, focusing on how they can be used to manage and eliminate debt. Understanding Debt Consolidation Debt consolidation is a strategy used to simplify … Read more

Can You Get a Mortgage After a Debt Management Plan?

Getting Approved For a Mortgage After a Debt Management Plan (DMP) Navigating the world of finance can be challenging, particularly when you’re burdened by debt. One common question many of us ponder is, “Can you get a mortgage after a debt management plan?” In this article, we’ll delve into the complexities of debt management plans … Read more

Can You Renew a Mortgage While in a Consumer Proposal?

Renewing a Mortgage During a Consumer Proposal Facing financial challenges can be overwhelming and finding a strategy to navigate through the storm is crucial. One strategy you might consider is a consumer proposal. A question that often arises for homeowners in this situation is, “Can you renew a mortgage while in a consumer proposal?” The … Read more

Can I File Bankruptcy With A Joint Mortgage?

Filing Bankruptcy & Joint Mortgage Debt Filing for bankruptcy is a complex decision, and it’s even more complicated when a joint mortgage is involved. This article aims to shed light on the various aspects of this topic, helping you navigate the complex world of bankruptcy and joint mortgages.   1. Understanding Bankruptcy Bankruptcy is a … Read more

A Comprehensive Guide to Bankruptcy and Mortgage Foreclosure

Understanding How Bankruptcy Impacts Mortgage Foreclosure The world of personal finance can be a labyrinth of complex terms and processes. In this comprehensive guide, we will navigate the uncharted waters of bankruptcy and mortgage foreclosure, two terms that often stir anxiety among homeowners. We’ll dissect the differences between these legal proceedings, discuss how they can … Read more