Introduction Few situations create more anxiety for homeowners and landlords than falling behind with mortgage payments. Once a payment has been missed, it is natural for borrowers to begin asking how much time they have before the lender takes more serious action....
Introduction Missing a mortgage payment can be stressful enough on its own, but for many borrowers, another concern quickly follows. Alongside worries about mortgage arrears and communication from the lender, people often begin wondering what the missed payment could...
Introduction For many homeowners and landlords, making the monthly mortgage payment becomes such a routine part of life that it is rarely given a second thought. The payment leaves the bank account each month, the mortgage continues as normal, and everyday life moves...
Introduction One of the most common misunderstandings among borrowers experiencing mortgage difficulties is the belief that affordability assessments only take place when a mortgage is first approved. Many people assume that once the loan has been granted, the...
Introduction Few situations create more uncertainty for a homeowner or landlord than receiving a letter informing them that their proposed mortgage payment arrangement has been declined. For many borrowers, submitting a payment proposal represents an important step....
The possibility of mortgage repossession is one of the most stressful situations a homeowner or landlord can face. For many borrowers, the fear comes from not knowing what happens next. Some believe that missing mortgage payments immediately means losing their...
