Something could always happen, you could get sick, your work hours may be cut in half, or you may have to take on the increasingly expensive care of an elderly parent. Something totally unexpected and financially overwhelming may knock you out of balance and shake up your financial situation. You may be able to keep up with the bills for a few months more, but unless the picture changes dramatically, you might miss a monthly mortgage payment very soon.
Mortgage foreclosure is just a step above bankruptcy in the damage that it can do to an individual’s financial record. If you are having difficulty keeping your mortgage payments current, taking action now rather than later may help you avoid foreclosure and the disastrous effects it can have on your family, your finances and your future.
What procedures can you follow to avoid foreclosure?
Your second mortgage in Canada is just a phone call away. Call First and Second Mortgages at 1-866-405-1228 and get started now.