Facing Mortgage Problems in Delta, BC? Contact Us. We Take Over Mortgage Payments and the Property Associated with the Mortgage.

Facing Mortgage Problems in Delta, BC? Ask Our Mortgage Problem Solution Providers For Help. If you are having Mortgage Payment Problems in Delta, BC, do not ignore your situation. The longer you wait to start working towards a solution, the fewer options you will have available to you.

If you find yourself facing financial difficulties as a result of job loss, family income reduction, divorce or for other reasons and your situation is impacting your ability to make regular mortgage payments, it can be an overwhelming experience leaving you feeling uncomfortable and unsure of what to do. The most important step is to confront your mortgage payment problem immediately.  

If you are having trouble making your mortgage payments each month, contact us.  Our Company, GVCPS Inc., is a Real Estate Investment Company that specializes in taking over mortgage payments and the house, townhome or condo associated with the mortgage in Delta, BC and surrounding areas of the Lower Mainland, BC and the Fraser Valley, BC.

We are mortgage problem solution providers in Delta, BC. For 25 years, we have been providing professional solutions to people who are experiencing difficulty paying their mortgage payments each month, people who are experiencing difficulty selling their property through traditional methods and people who require relief from their property situation for any reason.

You Cam Also Contact A Mortgage Broker Or Other Mortgage Professional

For all of your Mortgage Problems in Delta, BC, ensure to contact a mortgage professional at the first sign of financial difficulty. Through early intervention, a mortgage professional can help you increase your chance of successfully managing your financial situation.

If You Are Facing Mortgage Problem In Delta, BC, A Mortgage Professional Will Help You With The Following Options To Get Your Mortgage Problems Back On Track And Help You Work With Your Mortgage Lender:

  • Cutting down your mortgage costs.
  • How to manage your mortgage debt.
  • Renegotiate your mortgage.

If you are in a situation where making monthly Mortgage payments is difficult and you are facing Mortgage Problems in Delta, BC, a debt consolidation mortgage, a home equity loan or a line of credit may also be an option.

  • Refinance with a debt consolidation mortgage

As a homeowner, one way to start managing some of your higher-interest debt is to refinance your existing mortgage with a debt consolidation mortgage. Some mortgage types allow you to borrow additional money on your mortgage so you can consolidate your debts into one simple payment. This way, you can easily budget with a structured payment plan and an assured pay-off date.

  • Debt consolidation home equity loan or line of credit

Homeowners who are looking to consolidate their debts may have the option of using their home equity to secure a loan or line of credit. A home equity loan or line of credit allows you to obtain a lower interest rate and a higher credit limit by using the equity you’ve built in the property as security. By consolidating your debts into a home equity loan or line of credit, you will have the convenience of one consolidated payment rather than having several bills from different creditors.

This makes bill payments more manageable and the rate is usually lower, helping you pay off your debts sooner. With a home equity line of credit additional benefits include making interest payments only on the funds you use, not your total credit limit, and having ongoing access to funds up to your authorized credit limit.

If You Require Relief From Your Mortgage Payments and Property Situation, Contact Us

We understand the stress and hassles that you face when you are experiencing unmanageable or unwanted mortgage payments, experiencing difficulty selling your property through traditional methods or when you just need relief from your property situation for any reason.

Our Company specializes in taking over mortgage payments and the house, townhome or condo associated with the mortgage regardless of your situation and regardless of the condition of the property. We offer a fast, professional and confidential house selling solution regardless of your circumstance.

Facing Mortgage Problems in Chilliwack, BC? We Can Help

Are you facing mortgage problems in Chilliwack, BC? Purchasing a property can be an expensive process and obtaining a mortgage is one of the most important decisions you will ever make. Most people do not have a 20% down payment to put towards the purchase of a property and a high-ratio mortgage is their only other option.

If you have purchased a property and are unable to pay your mortgage on a regular basis due to any reason, it is important that you take quick action. If you are struggling to keep up with all of your mortgage payments, it can be a very stressful and overwhelming experience, leaving you feeling uncomfortable and unsure of what to do. There are many different types of Mortgage Problems in Chilliwack, BC, but you do have options.

If you are experiencing difficulty making your mortgage payments each month in Chilliwack, BC contact one of our Mortgage Problem Solution Providers to discuss what solutions we can provide to your real estate situation.  We provide Free consultation and expert advice to help you with your situation. Office: 604-812-3718 or Email: info@gvcps.ca

When unforeseen financial circumstances or unexpected life events impact your ability to make regular mortgage payments, Mortgage Problem Solution Providers in Chilliwack, BC can help you get your mortgage payments back on track through a modification of mortgage, a forbearance agreement, a refinance or through a second mortgage.

To Overcome Your Mortgage Problems in Chilliwack, BC, Other Options Are Also Available to You:

If your mortgage is insured by Canada Mortgage and Housing Corporation, (CMHC), in the City of Chilliwack, BC, CMHC is also willing to consider other alternatives proposed by your Mortgage Problem Solution Provider to resolve or avoid mortgage payment default. In every case, your options will depend upon your individual financial circumstances.

Based on your individual financial circumstances, your Mortgage Problem Solution Provider may be able to propose one or more of the following alternatives to CMHC:

  • Converting your variable interest rate mortgage to a fixed interest rate in order to protect you from a sudden interest rate increase, should one occur.
  • Offering you a temporary short-term payment deferral. Your mortgage professional may be prepared to offer greater payment flexibilities, particularly if previous lump sum prepayments have been made, or if you have previously chosen an accelerated payment schedule.
  • Extending your original repayment period (amortization) in order to lower your monthly mortgage payments.
  • Adding any missed payments (arrears) to your mortgage balance and spreading them over the remaining mortgage repayment period.
  • Offering you a special payment arrangement unique to your particular financial situation.

To increase the chance of successfully managing your financial situation through early intervention, call your Mortgage Problem Solution Provider at the first sign of financial difficulty. With early intervention, cooperation, and a well executed plan, you can work together with your mortgage professional to find a solution to your financial difficulties and avoid mortgage payment default. Contact us to discuss the solutions that are available to your situation.

Facing Mortgage Problems in Burnaby, BC?

Many Canadians use debt to finance the purchase of a new property. In recent years, both mortgage debt and consumer debt have increased significantly. If you are experiencing difficulty making your mortgage payments each month in Burnaby, BC,  contact a Mortgage Problem Solution Provider to discuss what solutions they can provide to your real estate situation.  Mortgage Problem Solution Providers in the Lower Mainland, BC and Fraser Valley, BC provide free consultation to your Mortgage Problems and discuss the different options that are available to you.

If You Are Facing Mortgage Problems in Burnaby, BC,  Ask Our Mortgage Problem Solution Providers for Help.

Our Company, GVCPS, understands that when you are in a difficult real estate situation, you need an immediate and professional solution. We provide Free consultation to people who are experiencing difficulty paying their mortgage payments each month. Office: 604-812-3718 Email: info@gvcps.ca

When assessing your Mortgage Problems in Burnaby, BC, a Mortgage Problem Solution Provider will carefully weigh important decisions about your mortgage such as, reducing your interest rate, converting from a variable interest rate to a fixed interest rate, or extending the length of the term of the mortgage. Getting their professional insight can help as they may be able to suggest solutions that you hadn’t thought of or solutions that you aren’t even aware of.

Mortgage Problem Solution Providers Can Help You Talk to Your Mortgage Lender Regarding Your Mortgage Problems

Facing Mortgage Problems in Burnaby, BC can help you talk to your mortgage lender and present your case in regards to finding a solution to your mortgage problems. 

If you haven’t missed a mortgage payment and have not talked to your mortgage lender, your mortgage lender will not know that you are experiencing financial difficulties and struggling with your mortgage payments. If you have missed mortgage payments, there are some mortgage lenders who are willing to work together with you to find a solution to your financial difficulties.

If you have bought a property with a down payment of less than 20%, this means your mortgage is insured through either CMHC (Canada Mortgage and Housing Corp.), Genworth Financial or Canada Guaranty. Either your mortgage lender or the company who insured your mortgage have programs in place to help people who are struggling with their mortgage payments. Your mortgage lender or mortgage insurer can provide you with more information about options which might be right for you.

If you are falling behind on your mortgage payments, a modification of your mortgage may be available. A modification of your mortgage is generally used when the mortgage borrower is not in a position to adhere to the original mortgage terms agreed to with the lender, however, it can also be used to pay off your mortgage faster by making higher monthly payments.

The Mortgage problem solution provider companies can also help you with a modification of your mortgage. To save you from foreclosure, a Mortgage loan modification is a better option. A loan modification is a permanent restructuring of your mortgage where one or more of the terms of your loan are changed to provide a more affordable payment. With a loan modification, your lender may also agree to extend the length of the term of the loan.

Facing Mortgage Problems in Abbotsford, BC?

Facing Mortgage Problems in Abbotsford, BC? Contact Us – We Are Mortgage Problem Solution Providers 

For thousands of Abbotsford, BC home owners, their monthly mortgage payments are among their top financial concerns. Many people realize that the mortgage on their house is the biggest financial commitment that they will likely ever make. As a result, a mortgage needs to be treated as the one debt obligation that you will need to ensure that you are paying for on time each month, if you want to keep your mortgage in good standing with your mortgage lender.

Unfortunately, it is common for home owners in Abbotsford, BC as well as home owners in the Fraser Valley, BC, to face unforeseen financial circumstances or unexpected life events that impact their ability to make their regular monthly mortgage payments.

If you are a homeowner and have fallen behind on your mortgage payments, you are not alone. When you are facing financial difficulties that impact your ability to make your regular mortgage payments, it is important for home owners in Abbotsford and the Fraser Valley, BC, to take quick action. At first, your mortgage lender may tolerate a few late payments, however, when your delinquent mortgage payments turn into missed mortgage payments altogether, a foreclosure action against you will be inevitable.

If you are having Mortgage Problems in Abbotsford, BC – What can you do?

The most important thing is not to ignore your mortgage payment problems or any telephone calls from your mortgage lender. To increase the chance of successfully managing your financial situation through early intervention, contact a Mortgage Problem Solution Provider at the first sign of financial difficulty. Ask the mortgage professional about information on the options available for managing your financial situation and they will help you find solutions with the following tips:

You may request a Loan Modification

A loan modification is a permanent restructuring of the mortgage where one or more of the terms of a borrower’s loan are changed to provide a more affordable payment. With a loan modification, your lender may agree to do one of more of the following to reduce your monthly payment:

  • reduce the interest rate
  • convert from a variable interest rate to a fixed interest rate, or
  • extend the length of the term of the loan.

Generally, to be eligible for a Loan Modification, you must:

  • show that you cannot make your current mortgage payment due to a financial hardship
  • complete a trial period to demonstrate you can afford the new monthly amount, and
  • provide all required documentation to your lender for evaluation.

Required documentation will likely include:

  • a financial statement
  • proof of income
  • most recent tax returns
  • bank statements, and
  • a hardship statement.

There are many different loan modification programs available, including proprietary (in-house) loan modifications and for mortgages insured by Canada Mortgage and Housing Corporation (CMHC), CMHC provides mortgage professionals with tools and the flexibility to make timely decisions when working with you to find a solution to your unique financial situation.

If you are currently unable to afford your mortgage payment, and won’t be able to in the near future, a loan modification may be the ideal option to help you avoid foreclosure.

Refinance with a New Loan

Depending on your financial situation, the best course of action may include obtaining a 2nd mortgage or refinancing your current mortgage with a B-Lender or a new 1st private mortgage lender.

You may be able to find another mortgage lender that will offer you a loan with better terms (such as a fixed rate) that may be more manageable. Review your current loan to determine whether it contains a prepayment penalty and check if refinancing is possible.

Ask for a Forbearance Agreement:

While a loan modification agreement is a permanent solution to unaffordable monthly payments, a forbearance agreement provides short-term relief for borrowers.

With a forbearance agreement, the lender agrees to reduce or suspend mortgage payments for a certain period of time and not to initiate a foreclosure during the forbearance period. In exchange, the borrower must resume the full payment at the end of the forbearance period, plus pay an additional amount to get current on the missed payments, including principal, interest, taxes, and insurance. (The specific terms of a forbearance agreement will vary from lender to lender.)

If a temporary hardship causes you to fall behind in your mortgage payments, a forbearance agreement may allow you to avoid foreclosure until your situation gets better. In some cases, the lender may be able to extend the forbearance period if your hardship is not resolved by the end of the forbearance period to accommodate your situation.

In forbearance agreement, unlike a repayment plan, the lender agrees in advance for you to miss or reduce your payments for a set period of time.

Plan a Repayment Plan with your lender:

If you have missed some of your mortgage payments due to a temporary hardship, a repayment plan may provide a way to catch up once your finances are back in order. A repayment plan is an agreement to spread the past due amount over a specific period of time.

Here is how a repayment plan works:

  • The lender spreads your overdue amount over a certain number of months.
  • During the repayment period, a portion of the overdue amount is added to each of your regular mortgage payments.
  • At the end of the repayment period, you will be current on your mortgage payments and resume paying your normal monthly payment amount.

To get information about these and other options to avoid foreclosure, contact us, we are Mortgage Problem Solution Providers in the Lower Mainland and Fraser Valley, BC.

We can help provide options that lets you pay off the delinquency over a period of time. The length of a repayment plan will vary depending on the amount past due and on how much you can afford to pay each month, among other things. A three- to six-month repayment period is typical.