Mortgage Brokers in Abbotsford, BC

Finding a good mortgage broker involves more than just a mortgage broker who can get you a good interest rate. You want to work with the best mortgage companies who are staffed by professionals that will keep your best interests in mind when making decisions regarding your mortgage and property.

If you are buying a personal property, an investment property, refinancing or if you are facing unmanageable or unwanted mortgage payments, it is in your best interest to have access to knowledgeable mortgage advice from the best mortgage brokers and real estate consultants in regards to your situation.

A mortgage broker acts as an intermediary between you (the borrower), and the mortgage lender. A mortgage broker has access to numerous mortgage lenders from banks to credit unions to private lenders. Having numerous lenders to choose from, a mortgage broker can help you, the borrower, connect with a lender that will benefit you with your unique needs and financial situation.

If you are buying a personal property, buying an investment property or are refinancing, our mortgage brokers in Abbotsford, BC, will match you with the best mortgage lender in regards to your individual needs and situation.

If you are experiencing unmanageable or unwanted mortgage payments, experiencing difficulty selling your property through traditional methods or if you just want out of your property situation for any reason, our professional mortgage brokers and real estate consultants can help you with immediate monthly cash flow management solutions to unmanageable or unwanted mortgage payments along with protecting any equity you may have in the property and protecting your credit.

If you are looking for the best mortgage brokers, contact us. We do not charge any fees for our consultation and our team of mortgage brokers are dedicated towards providing you with the right solution to your mortgage situation.

Our Company’s mortgage brokers and real estate consultants specialize in: lowering your monthly payments, consolidating your debt, refinancing your property, providing second mortgages, bad credit refinance, reinstating your mortgage when you have missed mortgage payments, helping you stop foreclosure, providing home equity loans, and home equity lines of credit and providing new mortgages for a personal or investment property

Our Company will offer you solutions that will meet your individual needs that are based on your current financial situation. If you are buying a personal property, an investment property, refinancing or if you are facing unmanageable or unwanted mortgage payments, it is in your best interest to have access to knowledgeable mortgage advice from the best mortgage brokers and real estate consultants in regards to your situation.

Our Company, GVCPS, is a well established Real Estate Investment Company that utilizes the services of the best mortgage brokers and real estate consultants in the real estate industry in Vancouver, BC, the Lower Mainland and Fraser Valley, BC, We can provide immediate solutions to your mortgage situation and we do not charge any fees or commissions, saving you time and money. 

 

Taking Over Someone’s Mortgage Payments? Consult With An Expert

 

People often come to us asking if they can “take over a mortgage loan” or “remove someone from the mortgage loan.” However, most people who request this, want to alter the underlying mortgage loan documents and change the ownership status of the mortgage loan.

To do this, the mortgage loan has to be an assumable mortgage and you have to be approved for a mortgage assumption by the lender who holds the loan. You have to submit a mortgage assumption application to the mortgage lender and the lender has to review your application and approve it – the assumption process is very similar to the process required to apply for your own mortgage.

Is taking over someone’s mortgage payments an option without having to go through the mortgage assumption process with the lender?

Yes, you can take over someone’s mortgage payments without having to go through the assumption process. You don’t need to disclose this to the lender either. As long as the mortgage payments are being made and the property title hasn’t changed, the lender is happy.

It is recommended that you seek the counsel of a mortgage professional or a legal adviser before you take over someone’s mortgage payments as there are a number of steps that you can take to help someone with their mortgage in a way that protects both of your interests in the property.

We provide immediate monthly cash flow management solutions to people who are facing unmanageable or unwanted mortgage payments along with protecting any equity you may have in the property and protecting your credit. We take over house payments and the house and we provide our client’s with more money with none of the hassles normally involved in selling.

Our Company, GVC Property Solutions Inc. (GVCPS), is a well-established Real Estate Investment Company that specializes in taking over mortgage payments and the house, townhome or condo associated with the mortgage. We offer the best value for residential properties that are any condition, any situation, any price range and in any location of Vancouver, BC, the Lower Mainland and the Fraser Valley, BC.

Can I just take over the mortgage title if I am taking over someone’s mortgage payments?

Not generally. The reason is that a lender can’t simply approve a home loan that does not have property or security attached to it. You also need to take into consideration that some lenders require that all persons who are on the mortgage title to also be registered on the property title as well.

The only exception to this rule is if the loan is an “assumable” mortgage by the lender’s definition and you will have to go through the mortgage assumption process and be approved by the lender as discussed earlier in this article.

If you know of someone who is experiencing unmanageable or unwanted mortgage payments and can’t make their mortgage payments for a house, townhome or condo, contact us to discuss the solutions that we can provide to their situation.  We provide Free consultation to discuss the different options that are available and we do not charge any fees or real estate commissions. Office: 604-812-3718 Email: info@gvcps.ca 

Can I be added to the mortgage title?

Yes, however, this step is not mandatory if you are taking over someone’s mortgage payments.

You can be added to the mortgage title as long as the lender and all persons who are currently on the mortgage title agree to it, however, depending on your agreement with the person who’s mortgage payments you are taking over, you are taking on part responsibility for the mortgage and if you are not registered on the property title, you will not be entitled to receive any money if the registered owner sold the property, unless this is stated in your legal agreement with the registered owner(s) of the property.

Ensure You Know How to Take Over Someone’s Mortgage Payments Legally

There are many advantages of taking over someone’s mortgage payments, however, taking over someone’s mortgage payments is a big decision to make. If you are taking over someone”s mortgage payments, it is advisable that you first seek independent legal advice.

Going about it the wrong way can prove costly in the long run with future legal disputes that may affect your ability to borrow in the future and putting you under financial and emotional strain if you already have your own home that you are making mortgage payments on.

If you know someone who is having difficulties making their mortgage payments each month, it is important that they first speak to a mortgage professional or their mortgage lender to see if they can provide any solutions. After that, speaking to a financial advisor and a solicitor about any other possible solutions may be necessary depending on the situation.

We understand the stress and hassles that people face when they are experiencing unmanageable or unwanted mortgage payments, experiencing difficulty selling their property through traditional methods or when someone just wants out of their property situation for any reason. We specialize in buying properties that are difficult to sell quickly and we specialize in taking over mortgage payments and the house, townhome or condo associated with the mortgage. Contact us to discuss the different options that are available to your situation. 

Mortgage Payment Problems? We Assume Mortgage Payments

An assumable mortgage is a type of financing arrangement where an outstanding mortgage debt and it’s terms are transferred from the current mortgage holder to a buyer. Our Company, GVCPS, is a Real Estate Investment Company that specializes in assuming mortgage debt and mortgage payments from mortgage holders. We are Assuming Mortgage Payment Experts that can help you if you are experiencing difficulty with your mortgage payments in Vancouver, BC, the Lower Mainland, Fraser Valley, BC.

WE ASSUME MORTGAGE PAYMENTS AND THE PROPERTY

If you need relief from unmanageable or unwanted mortgage payments, we can assume your mortgage payments and take over the property associated with it. In most cases, we take over the entire mortgage payment as well as all of your other monthly financial obligations regarding the property on your behalf that may include; property taxes, property insurance, monthly strata fees as well as any repair or maintenance costs. Through our Mortgage Take Over Program, you are provided with immediate monthly cash flow management solutions to your mortgage payments and mortgage debt.

Talk to our mortgage experts, it is important to understand that a mortgage that has been assumed by a third party does not mean that you, the original mortgage holder, are not still responsible for the mortgage debt and the mortgage payments. You may still may be held liable for the mortgage debt and payments, which, in turn, could affect your credit rating. To avoid this, you must release your liability in writing at the time of the mortgage assumption and the lender must approve the release request by releasing you from all liabilities in regards to the mortgage loan.  Our well established mortgage experts can help you to ensure that the process is performed correctly with your mortgage lender.

An assumable mortgage transaction is where the lender will allow our Company to take over or “assume” your mortgage without changing any of the terms of the mortgage. An assumable mortgage allows us to assume your current principal balance, interest rate, repayment period and any other contractual terms of the mortgage.

When we assume mortgage payments, you are provided with immediate monthly cash flow management solutions to unmanageable or unwanted mortgage payments along with protecting any equity you may have in the property and protecting your credit. If you are in a situation where our Company assuming mortgage payments will provide you with solutions, our mortgage experts will review your original mortgage documents to ensure that your mortgage debt is assumable. We will discuss assuming your mortgage debt with your mortgage lender in detail and also provide you with further support throughout the remaining assuming mortgage payment process.

Some mortgage lenders have option clauses in their mortgage contracts that expressly forbid assumptions of the mortgage, or, the mortgage contract specifies that the mortgage must be paid out on the sale of the property. If this is the case with your mortgage loan, we can still provide you with solutions to your mortgage debt and your mortgage payments even if your mortgage is not assumable.

When we assume mortgage payments, our mortgage experts will consider the following:

  • Compare interest rates: It may make financial sense to assume the existing loan at a lower interest rate than the current rate.
  • Compare loan fees: Lenders are required to give borrowers a loan estimate, which is an estimate of closing costs which consists of all the costs associated with obtaining a mortgage. We will help you with the loan assumption fees.
  • Obtain a copy of the property title and copy of the mortgage agreement: We will verify if there are any other charges registered against the property and verify if the mortgage debt is truly assumable, if the mortgage debt is not assumable, we can still provide you with alternative solutions to your mortgage debt and mortgage payments.

We know the real estate and mortgage industry. If you are facing  difficulties paying your mortgage payments each month, we can offer immediate and professional solutions to your situation. Contact us today 604-812-3718 or info@gvcps.ca.

If you need relief from unmanageable or unwanted mortgage payments, we can assume your mortgage payments and take over the property associated with it. Our Company, GVCPS, is a Real Estate Investment Company that specializes in assuming mortgage debt and mortgage payments from mortgage holders.

When we assume mortgage payments, you are provided with immediate monthly cash flow management solutions to unmanageable or unwanted mortgage payments along with protecting any equity you may have in the property and protecting your credit.

If you are in a situation where our Company assuming mortgage payments will provide you with solutions, our mortgage experts will discuss assuming your mortgage debt with your mortgage lender in detail and also provide you with further support throughout the remaining assuming mortgage payment process.

ARE YOU FACING MORTGAGE PAYMENT PROBLEMS?

If you are facing mortgage payment problems, ensure that your mortgage lender is abiding by your mortgage contract in regards to charging you late fees, penalty fees and higher interest rates on your mortgage payment arrears.

If you are experiencing mortgage payment problems, it can be an overwhelming experience, leaving you feeling uncomfortable and unsure of what to do. When unforeseen financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action. A wider variety of solutions will be available to you the sooner you act.

To increase the chance of successfully managing your financial situation through early intervention, call your mortgage lender at the first sign of financial difficulty. Ask your mortgage lender about information on the options available for managing your financial situation.

If you are having trouble making your mortgage payments each month, defaulting on your mortgage may add to the cost of various fees imposed by your mortgage lender on the amount that you already owe, depending on your mortgage contract.

Section 8 of the Federal Interest Act is intended to protect property owners against abusive lending practices, while recognizing that generally speaking, parties are entitled to freedom of contract. The prohibition against extra charges on arrears remains in place for loans secured by a mortgage.

While the Interest Act provides some protection for consumers with regard to interest and prepayment charges, banks have taken advantage of loopholes and gaps in the law to the detriment of consumers, which has resulted in an unregulated system. In 2010, the federal government’s budget included a promise to bring clarity to the subject of mortgage penalties. Despite the promises made by the federal government in the 2010 budget, still no progress has been made.

The federal Interest Act which prohibits any fine, penalty or an interest rate in a mortgage that has the effect of increasing the charge on arrears higher than the mortgage rate which would apply if the borrower was in good standing.

If you are experiencing mortgage payment problems and are facing foreclosure, be sure to review the fees and charges that are being charged to your account by your mortgage lender as they may not be enforceable.

Our Company buys houses, townhomes and condos. 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. We specialize in providing you with immediate monthly cash flow management solutions if you are experiencing difficulty making your mortgage payments each month to ensure that any equity you may have in the property is protected along with your credit. Contact us today 604-812-3718 or www.gvcps.ca.

We Takeover Mortgage Payments in BC

 

We Takeover Mortgage Payments in the Lower Mainland, BC

Take over mortgage payments contract in the Lower Mainland, BC is one of the original and most secure methods utilized by professional real estate companies that will buy your house.

We are professional real estate investors in the Lower Mainland, BC who take over your mortgage payments until your mortgage loan is paid off in full – usually by either assuming the mortgage, assuming the mortgage payments, performing a refinance or re-selling the property at a later date.

Our Company, GVC Property Solutions Inc. (GVCPS) is a well-established real estate investment Company. We are pioneers in the mortgage and real estate industry and we specialize in taking over mortgage payments through our Mortgage Takeover Program. Through our Mortgage Take Over Program, we take over mortgage payments in the Lower Mainland, BC and the property associated with it.

How do we take over mortgage payments in the Lower Mainland, BC?

Our Mortgage Take Over Program provides you with immediate monthly cash flow management solutions to unmanageable or unwanted mortgage payments along with protecting any equity you may have in the property and protecting your credit until our Company pays off the mortgage. We can also take over payments if the property is currently for sale and listed with a realtor.

When we take over mortgage payments in the Lower Mainland, BC, we make the process simple and hassle-free:

  • You contact our office 604-812-3718 or you can submit your information online to discuss what solutions we can provide to your situation.
  • Our Company arranges a time to view the property. After we view the property and perform all necessary due diligence, we will prepare our offer to take over your mortgage payments and the property. Our Company presents you with our offer that benefits all parties.
  • If you agree to our offer, we confirm all the remaining details and sign the paperwork.
  • Or, we part ways. If you do not agree to our offer to take over your mortgage payments and the property, we part ways with no hard feelings and we can help you find another solution to your situation, even if it’s not us.

When we take over mortgage payments in the Lower Mainland, BC, we take over mortgage payments for any property type: houses, duplexes, townhomes, condos and multi-family residential development projects that are any price, in any condition and in any location in the Lower Mainland.

Do You Charge Any Real Estate Fees or Commissions?

No, we do not charge any real estate fees or commissions. We take over mortgage payments in the Lower Mainland, BC similarly to an assumption of your mortgage, however, no fees or closing costs are associated when we take over your mortgage payments and the property.

Our job is to provide you with peace of mind and immediate financial relief from your mortgage payments and property situation, so you can focus on your life. We provide flexible, pre-negotiated terms that can give you the best value for your property and can provide you with more money with none of the hassles normally involved in selling.

We provide the free consultation to discuss the different options that are available to your real estate situation when we take over mortgage payments in the Lower Mainland, BC. We are available 7 days per week including evenings until 8:00 pm. Call 604-812-3718.

Struggling With Mortgage Payments? We Can Help

Are you struggling with your mortgage payments? Have you suffered an unexpected life event such as divorce, loss of your job, illness or a short-term or permanent disability that prevents you from working? Are you experiencing difficulty managing your household debt and struggling with your mortgage payments?

If you are experiencing short term or long term financial difficulties and struggling with your mortgage payments and as a result, missing your mortgage payments, foreclosure will be inevitable. The stress of your financial situation may cause you to ignore your financial problem. Don’t. If you would like to to get your mortgage payments back on track, you may still have options with your mortgage lender:

Short-Term Financial Difficulty – Struggling With Mortgage Payments, Can’t Pay Mortgage Option:

If you are temporarily unable to pay the mortgage payments in full, your lender may be willing to enter into a forbearance agreement with you whereby you and your lender work together to potentially avoid a formal foreclosure proceeding.

Your lender will delay their right to exercise foreclosure if you can catch up your missed payments in a certain time period. The time period and the payment plan of the forbearance agreement will depend on the details that are agreed upon by you and your lender.

Long-Term Financial Difficulty – Struggling With Mortgage Payments, Can’t Pay Mortgage Option:

If you can’t pay your full mortgage payment indefinitely, your lender may agree to offer a modification of mortgage. Your lender may agree to adjust your monthly payments and the loan period to reflect changes in your financial situation. The interest rate may be modified from an adjustable rate to a fixed rate and penalties may be waived.

What if my lender will not enter into a forbearance agreement or modification agreement and I can’t pay my mortgage loan? I still have mortgage problems and need solutions, what are the options?

If your lender will not enter into a forbearance agreement or modification agreement with you and if you are struggling with Mortgage payments and need an immediate solution, consult with a Mortgage Problems and Solutions professional at our Company, GVCPS. Our Company is a well-established real estate investment Company and we can help you.

We will explain your situation to you in plain english and provide mortgage refinancing or other options that might be right for you. Depending on your circumstances, mortgage refinancing or second mortgage options may help in managing your financial situation and may help you prevent foreclosure. We offer Free Consultation and do not charge you any fees.

Our specialized mortgage brokers near you are also on top of all the latest trends and innovations in the mortgage industry and help you come out of the situation – “Struggling with Mortgage Payments”.

Our brokers have knowledge from the status of interest rates to the availability of alternative financing options. With our superior technology and commitment to taking care of our clients during and after the transaction, you can be assured that not only now, but in the future, you will always have the best rates and mortgage products available by using our Mortgage Professionals at GVCPS.

We can help you Stop Foreclosure, reinstate your mortgage and consolidate your debts. Using your home equity, we can find manageable solutions to your mortgage financing needs. If you have minimal or no equity, we still have many options available to meet your needs. We can help make sense of your current situation and provide an immediate plan of action.

Our Company can also help relieve you of your financial stress if you can’t pay mortgage through our Mortgage Take over Program. Through our Mortgage Take over Program, our Company can take over your mortgage payments and the property associated with it.

Through our Mortgage Take over Program, you are provided with immediate monthly cash flow management solutions to unmanageable or unwanted mortgage payments along with protecting any equity you may have in the property and protecting your credit.

In most cases our Company will take over your entire mortgage payment as well as all of your other monthly financial obligations regarding the property on your behalf that may include; property taxes, property insurance, monthly strata fees as well as any repair and maintenance costs. We have a solution to your “Struggling with Mortgage Payments” situation.

We provide free consultation to discuss the different options that are available to your real estate situation. We are available 7 days per week including evenings until 9:00 pm. Call 604-812-3718 or email: info@gvcps.ca. You can also contact us 24 hours a day through our Confidential Sell to Us Form (click here).

If you are missing your mortgage payments and experiencing short term or long term financial difficulties, our mortgage professionals at GVCPS can help relieve you of your financial stress if you can’t pay your mortgage. We can help you either prevent foreclosure, stop foreclosure and if required, reinstate your mortgage through our Mortgage Take Over Program.

We will analyze your current situation and provide an immediate plan of action and the best solutions to your mortgage financing needs, even if you have minimal or no equity.

In its annual 2018 mortgage consumer study, Canada Mortgage and Housing Corp. (CMHC) stated that an extremely high number of first-time home buyers are having trouble making their mortgage payments. The latest survey by CMHC shows one in four people are struggling to pay their mortgage.

If you are struggling to pay your mortgage, the following information can help you with your financial situation as well as help you avoid foreclosure and protect your equity and your credit.

Q: What should I do if I am having trouble paying my mortgage and struggling to pay the mortgage?

A: To increase the chance of successfully managing your financial situation through early intervention, contact your lender as soon as possible.

Ask your mortgage lender about information on the options available for managing your financial situation and

Keep your mortgage lender informed as your circumstances evolve.

Your mortgage lender wants to establish and maintain a positive relationship with you over the long term. Most mortgage lenders have the flexibility to make timely decisions when working with you to find a solution to your unique financial situation.

Q: What options can mortgage lenders provide me if I am struggling to pay the mortgage?

A: Your mortgage lender can provide you with the following alternatives to resolve or avoid you committing mortgage payment default:

  • Converting a variable interest rate mortgage to a fixed interest rate mortgage in order to protect you from a sudden interest rate increase, should one occur.
  • Offering a temporary short-term payment deferral. Your mortgage lender 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 the original repayment period (amortization) in order to lower your monthly mortgage payments.
  • Adding any missed payments (arrears) to the mortgage balance and spreading them over the remaining mortgage repayment period.
  • Offering a special payment arrangement unique to your particular financial situation.

In every case, the options available to you will depend upon your individual financial circumstances and how quickly you have taken action to avoid defaulting on your mortgage.

Q: Is there anywhere I can get some free advice when struggling to pay a mortgage?

A: If you have missed making a mortgage payment and are struggling to pay the mortgage, contact the mortgage professionals at GVCPS. Mortgage professionals at GVCPS understand the stress and hassles that you face when you are experiencing difficulty making your mortgage payments.

For 25 years, mortgage professionals at GVCPS have been providing people with immediate monthly cash flow management solutions to unmanageable or unwanted mortgage payments along with protecting equity in the property and protecting home owner’s credit.

If you are struggling to pay your mortgage, contact a mortgage professional at GVCPS to help you get your payments back on track and to find a solution with your mortgage lender. GVCPS offers free consultation to discuss the different options that are available to your situation.  GVCPS Office: 604-812-3718 Email: info@gvcps.ca