Trouble Paying Mortgage in Vancouver BC? We Take Over Mortgage Payments and the Property Associated With the Mortgage. Contact Us.

Are you experiencing difficulty paying your mortgage payments in Vancouver, BC, the Lower Mainland, BC or the Fraser Valley, BC? Contact us, our Company, GVC Property Solutions Inc. (GVCPS), is a well established Real Estate Investment Company that takes over mortgage payments and the house, townhome or condo associated with the mortgage.

Regardless of the condition or size of the property and regardless of your situation, we can provide you with immediate monthly cash flow management solutions to your unmanageable or unwanted mortgage payments along with protecting your equity in your house, townhome or condo and protecting your credit.

For 25 years, we have been providing professional home buying solutions to people who are experiencing difficulty selling their property through traditional methods, people who are experiencing difficulty paying their mortgage payments each month and people who require relief from their house, townhome or condo situation for any reason.

“What Should I Do If I Am Struggling To Pay My Mortgage?”

It’s important for you to act quickly if you are experiencing Trouble Paying Mortgage payments. When unforeseen financial circumstances impact your ability to make regular mortgage payments as a result of job loss, income reduction or for other reasons, it can be an overwhelming experience leaving you feeling uncomfortable and unsure of what to do.

To increase the chance of successfully managing your financial situation through early intervention, call your mortgage lender at the first sign of financial difficulty. With early intervention, cooperation, and a well executed plan, you may be able to work with your mortgage lender to find a solution to your financial difficulties.

Clarify Your Financial Situation

In order to help your mortgage lender as well as yourself fully understand your financial situation, prepare a detailed list of your financial obligations including any credit cards, loans, household bills with the amounts owing and their due dates. Be sure to include information about your current income, savings accounts, investments, and any other assets.

Your Lender’s Tools That May Be Available To You: Trouble Paying Mortgage

  • Short-term mortgage payment deferral: Your lender may agree to pause or suspend your mortgage payments for a certain amount of time.
  • Extending the original repayment period (amortization): An extension to your original amortization period can lower your monthly mortgage payments.
  • Adding any missed payments (arrears) to the mortgage balance: Your lender may be able to add missed payments to your mortgage balance and spread them over the remaining mortgage repayment period.
  • Moving from a variable to a fixed interest rate mortgage: 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.
  • Special payment arrangement: There may be a special payment arrangement unique to your particular financial situation.

Contact Us For Immediate and Professional Solutions: Trouble Paying Mortgage

If you have been searching for a Professional Real Estate Company to take over your mortgage payments and the house, townhome or condo associated with the mortgage, contact us. We provide Free Consultation to discuss the different options that are available to you to help you find a solution to your “Trouble Paying Mortgage” situation.

We help you avoid foreclosure by taking the weight of your monthly mortgage payments off of your shoulders and if necessary, we can reinstate your mortgage with your lender to bring your payments back into good standing to help. protect your equity in the property and your credit.

We understand that when you are in a difficult real estate situation, you need an immediate and professional solution. Our job is to provide you with immediate relief from your mortgage payments and the house, townhome or condo associated with the mortgage so you can move on from your real estate challenge with peace of mind.

How We Help You: Trouble Paying Mortgage

  • We take over your mortgage payments that provides you with monthly cash flow management solutions that protects your equity in the house, townhome or condo and protects your credit.
  • We take over mortgage payments and the house, townhome or condo as-is, regardless of the condition of the property without you having to spend time or money on repairs or unfinished renovations.
  • We take over mortgage payments and the house, townhome or condo regardless of your situation.
  • We do not charge any real estate commissions.
  • You can move on from your property and mortgage situation with peace of mind.

We don’t know how many months you’ve been trying to sell or have been looking for a solution to your situation. Don’t procrastinate. Don’t let your property situation become a liability or a burden. For all of your Trouble Paying Mortgage problems, contact us to find a professional and immediate solution to your situation. We have handled hundreds of purchase situations and have helped many people facilitate a non-stressful real estate transaction.

We take over mortgage payments and the property associated with the mortgage in Surrey BC, Delta BC, Coquitlam BC, Port Coquitlam BC, Port Moody BC, Vancouver BC. Burnaby BC, Richmond BC, New Westminster BC, Langley BC, Pitt Meadows BC, Abbotsford BC, Maple Ridge BC, Mission BC and Chilliwack BC.

Can’t Pay My Mortgage What Do I Do? Contact Us. We Can Help

Most people don’t plan on missing their mortgage payments, however, unforeseen financial circumstances or unexpected life events such as a result of job loss, family income reduction, or other reasons, can impact your ability to make regular mortgage payments and can cause you to fall behind on mortgage payments, leaving you feeling uncomfortable and unsure what to do.

When unexpected financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action. With early intervention, cooperation, and a well executed plan, you can find a solution to your mortgage payment difficulties, avoid foreclosure and protect the equity in your house, townhome or condo.

Can’t Pay My Mortgage What Do I Do? Contact Us. We Can Help.

Our Company, GVC Property Solutions Inc. (GVCPS), is a well established Real Estate Investment Company that provides professional and immediate home buying solutions to people who are experiencing difficulty paying their mortgage payments each month, people who are experiencing difficulty selling their house, townhome or condo through traditional methods and people who require relief from their property situation for any reason.

Along with our affiliated Companies, we have been operating for 25 years buying houses, townhomes and condos that are in any condition, in any situation and in any location of Vancouver BC, the Lower Mainland BC and the Fraser Valley BC.

We work on a daily basis with people who are looking for a professional and friendly transaction who require an immediate and flexible sale or solution to their real estate situation. Contact us to discuss your real estate situation in more detail. We provide Free Consultation to discuss your options and what solutions we can provide to your real estate situation. We are not realtors and we do not charge any real estate commissions.

What Are My Options If I Can’t Pay My Mortgage? What Do I Do? 

Paying your mortgage payments will become even more of a struggle If you are already on a tight budget and unexpected financial circumstances occur,, however, you do have options.

If you are experiencing difficulty paying your mortgage payments and are about to miss a payment or if you have already defaulted on your mortgage payments and have received a demand letter from your mortgage lender that has not passed the deadline to reinstate your mortgage, contact us.

We will discuss all of your options that are available to you. We can help you prevent foreclosure by reinstating your mortgage with your lender and bring your mortgage back into good standing with your mortgage lender.

We can take over your property payments and the house, townhome or condo associated with the mortgage regardless of your situation and regardless of the condition of the property. We provide you with immediate monthly cash flow management solutions if you are experiencing difficulties paying your mortgage payments each month along with protecting your equity in the property and your credit.

We provide flexible, pre-negotiated terms when we take over payments and the house, townhome or condo associated with your mortgage that can give you the best value for your property that can provide you with more money with none of the hassles normally involved in selling in any area of Vancouver, BC, the Lower Mainland, BC and the Fraser Valley, BC.

When people contact us explaining “I Can’t Pay My Mortgage What Do I Do?”, we understand the stress and difficulties that you are facing.

If you are facing one or more of the following difficulties, we can provide you with a professional and immediate house buying solution regardless of your situation or the condition and age of the property.

  • Your house, townhome or condo is difficult to sell and you need a solution now
  • Your property has been listed with a realtor for many months and hasn’t sold
  • You just want out of your mortgage or property situation for any reason – either personal or for any other reason
  • You are having difficulty making your mortgage payments each month
  • You have a house that is too stressful to manage
  • You are making payments on two or more properties
  • You are tired of being a landlord and dealing with landlord/tenant disputes, tenant problems and property damages
  • You need an immediate and flexible sale due to a job transfer or for any other reason
  • You require immediate financial relief from your house, townhome or condo
  • You are facing PRE foreclosure
  • You have minimal equity but need to sell now
  • Your mortgage is higher than the property value
  • You have a house that is too costly to maintain
  • Your listing has expired with your realtor
  • Your property is in need of extensive repair that you do not have time or money for
  • You are an out of town owner and you don’t want to be a long distance landlord
  • You want to avoid bankruptcy or a consumer proposal
  • You prefer not to sell through a realtor and be inconvenienced with realtor showings
  • You are divorcing and need to sell
  • You have a costly mortgage penalty but need to sell now
  • Your house is too big or too small and you need a convenient and flexible solution
  • Your strata property has Rental Restrictions and you are experiencing difficulty selling while paying mortgage payments on a vacant property
  • You own your property free and clear and would like to acquire some of your equity now and the remainder of your equity at closing

If you are in the situation, I “can’t pay my mortgage, what do I do?” Contact us. We Can Help.

We don’t know how many months you’ve been trying to sell or have been looking for a solution to your mortgage payment situation. Don’t procrastinate. Don’t let your property situation become a liability or a burden.

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 age or condition of the property. We offer fast, professional and confidential solutions to your property situation regardless of your circumstance.

If you are looking for a Professional Investor to provide you with immediate relief from your mortgage payments and property situation, contact us for Free Consultation. Our job is to provide you with immediate relief from your property situation so you can move on from your property situation with peace of mind.

I Can’t Pay My Mortgage – Contact Us. We Take Over Mortgage Payments and the Property Associated With the Mortgage.

If you find yourself facing difficulties paying your mortgage payments as a result of job loss, family income reduction, or for other reasons, it can be an overwhelming experience leaving you feeling uncomfortable and unsure of what to do.

With early intervention and a well-executed plan, we can provide you with professional and immediate solutions in regards to your mortgage payment difficulties. We are a well-established Real Estate Investment Company that takes over mortgage payments and the house, townhome, or condo associated with the mortgage in any location of Vancouver, BC, the Lower Mainland, BC and the Fraser Valley. BC.

What if I Can’t Pay My Mortgage, How Can You Help Me?

For 25 years, we have been providing people with immediate financial relief and monthly cash flow management solutions to unmanageable or unwanted mortgage payments along with protecting their equity in the property and protecting their credit.

When we take over your mortgage payments and the house, townhome, or condo associated with the mortgage, we take over the property in its current condition, as-is. Regardless of the property requires minimal to extensive repair, you do not have to spend time or money on any repairs.

Regardless of your current circumstance, contact us for Free Consultation to discuss your situation in more detail and what solutions we can provide. We have handled hundreds of purchase situations and have helped many people facilitate a non-stressful real estate transaction.

We are not realtors and we do not charge any real estate commissions when we take over your mortgage payments and the house, townhome, or condo associated with the mortgage.

What Happens if I Can’t Pay My Mortgage and I Am Late On My Payments?

Do not ignore your situation. The most important step is to confront your mortgage payment problem immediately. The longer you wait to start working towards a solution to your mortgage payment problems, the fewer options you will have available to you.

If you have been issued a demand letter from your mortgage lender your options are few at this point and fast action is imperative to keep your best options viable.

If you are still within the timeline referenced in your demand letter, we can help you catch up on your missed mortgage payments, reinstate your mortgage with your lender and bring your mortgage back into good standing. Contact us to discuss your situation in more detail.

What Is the First Step To Take If I Can’t Pay My Mortgage? 

Find the best solution to your financial difficulties that will immediately resolve your mortgage payment problems. When unexpected financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action as a foreclosure will be inevitable if you do not keep your mortgage payments up to date with your mortgage lender.

If you are not in a financial position to get your mortgage payments back on track and you would like to find a solution to your “I Can’t Pay My Mortgage” problem, contact us to avoid foreclosure.

Navigate Your Options Through Our Expert’s Assistance

We specialize in taking over mortgage payments and the property associated with the mortgage. We provide professional and immediate financial relief to your mortgage payment difficulties that will protect the equity in your house, townhome, or condo, protect your credit.and can help you avoid foreclosure.

We understand the stress and hassles that you face when you are in a difficult real estate situation. We don’t know how many months you’ve been trying to sell or have been looking for a solution to your situation. Don’t procrastinate. Don’t let your property situation become a liability or a burden

Regardless of your circumstance or the condition of the house, townhome or condo, contact us for Free Consultation to discuss your “I Can’t Pay My Mortgage” options in more detail.

Mortgage Problems and Solutions. We Take Over Mortgage Payments in Vancouver BC. Contact Us

If you find yourself facing financial difficulties, as a result of job loss, family income reduction, or other reasons, it can be an overwhelming experience leaving you feeling uncomfortable and unsure of what to do.

“I can’t pay my Mortgage, What Should I Do?” If you are struggling to pay your mortgage payments each month or if you can’t pay your mortgage payments at all, there are steps that you can take that may help you to avoid foreclosure and get your current financial situation back on track.

Our Company, GVC Property Solutions Inc., is a well established Real Estate Investment Company that provides professional solutions to people who are experiencing difficulty making their mortgage payments each month and want to avoid foreclosure, people who are experiencing difficulty selling their property through traditional methods and people who require relief from their property situation for any reason regardless of your situation and condition of the property in any location of Vancouver, BC, the Lower Mainland, BC, and the Fraser Valley, BC.

If you are facing mortgage problems, contact us for Free Consultation to discuss your mortgage problems and solutions that are available to you in your individual situation. 

Listed below are steps that you can take to help clarify your financial situation before you decide what steps to take to find an alternate solution to foreclosure.

Clarify Your Financial Picture: Mortgage Problem and Solution

Prepare a detailed list of your financial obligations including any credit cards, loans, household bills with the amounts owing and their due dates. Be sure to include information about your current income, savings accounts, investments, and any other assets.

Create A Budget: Mortgage Problem and Solution

Creating a budget is a good opportunity to get your finances back in order. A budget needs to be realistic and based on your current circumstances. After you have prepared your budget outline, you will likely see areas where you can cut back with your spending. Start with expenses that are easy to reduce and try cutting them back by half.

Track Your Spending: Mortgage Problem and Solution

If you can’t see where to reduce your spending, try tracking your expenses for a few weeks to get a better handle on your spending habits. Track expenses that you’re not sure about. For example, if you shop at all-inclusive grocery stores, if you buy groceries and new patio furniture all at the grocery store, track what you spend in that store. You might be surprised how much you buy in addition to your groceries. In addition, track how much you spend on buying coffee and food on the go. Every dollar you spend counts. 

Stay Informed: Mortgage Problem and Solution

The more information you have at your disposal on managing your finances, the easier it will be to make the right decisions about solving your mortgage payment difficulties and getting the help you need to get your mortgage payments back on track.

We Can Help. We Specialize in Mortgage Problems and Solutions     

Our Company has been providing professional solutions for 25 years 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. 

We can buy your house, townhome or condo if you require an immediate or flexible sale or if you need relief in regards to your mortgage payments or property situation in general. We can usually offer you the market value of your property regardless of your situation and regardless of the age or condition of the property. We are not realtors and we do not charge any real estate commissions when we buy your house, townhome or condo.

We understand the stress and hassles that you face when you are in a difficult real estate situation. We don’t know how many months you’ve been trying to sell or have been looking for a solution to your situation. Don’t procrastinate. Don’t let your property situation become a liability or a burden. Contact us to discuss your situation in more detail and what solutions we can provide. We have handled hundreds of purchase situations and have helped many people facilitate a non-stressful real estate transaction.

Take Over Mortgage Surrey, BC. We Take Over Mortgage Payments

If you are facing unmanageable or unwanted mortgage payments and looking for professional take over mortgage solutions, contact us. Our Company, GVC Property Solutions Inc. (GVCPS), is a Real Estate Investment Company that specializes in taking over mortgage payments and the house, townhome or condo associated with the mortgage.

We take over mortgage payments and the property associated with the mortgage for properties that are any size, any age and in any condition.

We take over mortgage payments and the property associated with the mortgage in Surrey BC, Delta BC, Coquitlam BC, Port Coquitlam BC, Port Moody BC, Vancouver BC. Burnaby, BC, Richmond BC, New Westminster BC, Langley BC, Pitt Meadows BC, Abbotsford BC, Maple Ridge BC, Mission BC and Chilliwack BC.

Take Over Mortgage Solutions in Surrey, BC

When we take over mortgage payments, we provide you with immediate monthly cash flow management solutions to your mortgage payment situation along with protecting any equity you may have in the property and protecting your credit.

Take Over Mortgage in Surrey, BC: Consult With The Experts

Along with our affiliated Companies, we have been operating for 25 years 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.

We understand that when you are in a difficult real estate situation, you need an immediate and professional solution. Our job is to provide you with immediate relief from your property and mortgage debt situation so you can move on with your life with peace of mind.

Regardless of your situation, we take over mortgage payments and the house, townhome or condo associated with the mortgage for properties that are in any condition. If the property is brand new, requires extensive repair or has unfinished renovations, we take over the property as-is.

Benefits of our Take Over Mortgage Program in Surrey, BC:

  • We provide you with financial relief and peace of mind in regards to your mortgage payments and the house, townhome or condo associated with the mortgage.
  • We are flexible and can work with you timeline meaning, we can take over your payments and the property immediately or at a later date that is more convenient with your desired timeline.
  • You do not have to make any repairs to the house, townhome or condo or continue to perform any upkeep or maintenance to the property.
  • If you are a landlord, you do not have to deal with anymore tenant headaches and/or property damages.
  • We do not charge any real estate commissions.

We don’t know how many months you’ve been trying to sell or have been looking for a solution to your situation. We specialize in buying houses, townhomes and condos that are difficult to sell quickly.

Don’t procrastinate. Don’t let your property situation become a liability or a burden. Contact us to discuss what solution we can provide to your situation. We are available 7 days per week including evenings until 8:00 pm. You can also contact us 24 hours a day through our Confidential Form.

Take Over My Mortgage Payments in the Lower Mainland, BC and Fraser Valley, BC. Contact Us.

When unforeseen financial circumstances impact your ability to make regular mortgage payments, it’s important for you to act quickly. If you find yourself facing financial difficulties, as a result of job loss, income reduction or for other reasons, it can be an overwhelming experience leaving you feeling uncomfortable and unsure of what to do.

Our Company, GVC Property Solutions Inc. (GVCPS), is a well-established Real Estate Investment Company that provides immediate financial relief to people who are experiencing difficulty with their mortgage payments.

We take over mortgage payments and the house, townhome or condo associated with the mortgage in Surrey BC, Delta BC, Coquitlam BC, Port Moody BC, Vancouver BC. Burnaby, BC, Richmond BC, New Westminster BC, Langley BC, Abbotsford BC, Maple Ridge BC and all other surrounding areas of the Lower Mainland BC and the Fraser Valley BC.

People who have acquired a mortgage loan often run into problems that can affect their ability to make their mortgage payments. By working together, we can help relieve your financial stress around real estate.

Contact Our Professional Real Estate Investor Team at GVCPS 

If you have been searching for a Professional Real Estate Investor to “take over my mortgage payments in the Lower Mainland BC or the Fraser Valley BC”,  contact us.

We understand that when you are in a difficult real estate situation, you need an immediate and professional solution. Our job is to provide you with immediate relief from your property and mortgage situation so you can move on with your life with peace of mind.

Regardless of your situation, we take over mortgage payments and the house, townhome or condo associated with the mortgage that are in any condition and in any location of the Lower Mainland, BC and the Fraser Valley, BC.

How Do We Help You?

  • We provide you with monthly cash flow management solutions that protects your equity in the property and protects your credit.
  • We take over the house, townhome or condo as-is, without you having to spend time or money on repairs or unfinished renovations.
  • We do not charge any real estate commissions.
  • You can move on from your property and mortgage situation with peace of mind.

We don’t know how many months you have been looking for a solution to your situation. Don’t procrastinate. Don’t let your property situation become a liability or a burden. Contact us, especially if you have questions.

Take Over My Mortgage Payments? Contact Us. We Assume Mortgage Payments.

An assumable mortgage is a type of financial arrangement where an outstanding mortgage debt and it’s terms are transferred from the current mortgage holder to a new buyer. Our Company, GVCPS, is a Real Estate Investment Company that specializes in assuming mortgage payments if you are experiencing difficulty paying your mortgage payments each month or if you require relief from your house, townhome or condo for any reason, in any location of Vancouver, BC, the Lower Mainland, Fraser Valley, BC.

Do You Charge Any Fees or Commissions When You Take Over my Mortgage Payments? No, we do not charge any real estate commissions or fees when we take over your mortgage payments.

What Happens to the House, Townhome or Condo When You Take Over My Mortgage Payments?

We assume mortgage payments and the property associated with the mortgage regardless of the condition of 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 your mortgage. 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 and monthly strata fees.

Talk to one of our Professional Real Estate Consultants, 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 experienced Real Estate Consultants 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 Real Estate Consultants 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 payments. Even if your mortgage is not assumable, we still can provide solutions to your situation.

When We Assume Mortgage Payments, Our Real Estate Consultants 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.
  • 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 and property situation.

How Long Will it Take For You to Take Over My Mortgage Payments?

We know the real estate and mortgage industry. If you are facing  difficulties paying your mortgage payments each month, we can take over your mortgage payments immediately or at a later date that is more convenient with your timeline. We can assume your mortgage payments and take over the house, townhome or condo associated with the mortgage regardless of your situation.

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.

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.

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

When you are in a difficult real estate situation, you need an immediate and professional solution, contact us. We don’t know how many months you’ve been trying to sell or have been looking for a solution to your situation. Don’t procrastinate. Don’t let your property situation become a liability or a burden.

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