There will be times in our lives when unexpected things happen and we find ourselves having trouble coping financially. The fear could be made greater when you calculate your bills and how much money you’re bringing in. Things like a job loss, an unexpected illness, a death of a loved one, a divorce or a separation can all make this …
Missed Mortgage Payments and Mortgage Deferrals
There has never been a good time to miss a mortgage payment. While Canadian lenders stepped up and offered mortgage deferrals to those affected by COVID-19, there are still homeowners unable to make their mortgage payments. According to Canadian Mortgage Trends, one in 20 homeowners said they missed a recent mortgage payment due to the pandemic. The survey from Forum …