Received a Mortgage Demand Letter in Ontario? What to Do Before Enforcement Starts The letter may state that your mortgage is in default, that the lender has “called” the loan, or that the full mortgage balance must be paid by a specific deadline. It may also warn that legal enforce... Home Equity Lendworth
Construction or Renovation Project Running Short on Funds? Private Financing Options in the GTA Excavation reveals unexpected work. Material prices increase. Structural changes are required. Contractors request additional deposits. The existing lender refuses the next draw. Or the project simply... Home Equity Lendworth
Need to Pay Payroll or Suppliers? Home Equity Financing for Toronto and Vaughan Business Owners For many business owners, the problem is not a lack of revenue. It is timing. Your company may have strong receivables, signed contracts, valuable inventory or predictable future sales, but the money ... Home Equity Lendworth
Retired Before Your Mortgage Renewal and the Bank Won’t Refinance? Ontario Home Equity Options Your home may be worth considerably more than you owe, your mortgage payments may be completely up to date, and you may have substantial savings and retirement income. Then renewal arrives. You ask th... Home Equity Lendworth
Bank Declined Your Mortgage Because of a Basement Apartment or Zoning Issue? GTA Financing Options Now the bank is asking for building permits, municipal registration, zoning confirmation or proof that the unit complies with safety requirements. The lender may refuse to use the basement rent, reduc... Home Equity Lendworth
Bank Won’t Refinance Because You’re on Long-Term Disability? Ontario Home Equity Options But your income has changed. You may now be receiving long-term disability benefits, disability insurance payments or another form of ongoing disability income instead of your previous employment sala...
Mortgage Denied Because You Changed Jobs or Are on Probation? Toronto Closing Options Then you changed jobs. Your new position may offer a higher salary, better benefits and stronger long-term career prospects. However, the bank has now discovered that you are still within a probationa...
Co-Signed Your Child’s Mortgage and Now Your Bank Won’t Refinance Your Home? Ontario Options Their payments are current. They may even be making every mortgage payment themselves. Now you need to refinance your own Toronto or Vaughan property—and your bank says the mortgage you co-signed is a... Interest Rates Lendworth
Your Home Sale Closing Was Delayed but Your Purchase Is Firm: Emergency Bridge Financing in Toronto Then the buyer delayed closing. Your purchase is still firm, your new mortgage may already be arranged, and your lawyer is expecting you to deliver the remaining funds on the scheduled closing date. W... Home Equity Lendworth
Mortgage Renewal Coming Up While You’re on Maternity or Parental Leave? Ontario Financing Options Your mortgage renewal is approaching, but you are currently on maternity or parental leave. Your employment may still be secure. You may already have a confirmed return-to-work date. But your current ...
Construction Lien on Title Blocking Your Mortgage? Fast Financing Options in Vaughan and the GTA Now the lender will not fund. Your renewal may be approaching, contractors may still be unpaid, or you may need additional money to complete the renovation. However, the registered lien must be addres... Home Equity Lendworth
Tenant Stopped Paying Rent Before Your Mortgage Renewal? Private Financing Options in Ontario Now you may be covering the mortgage, property taxes, condo fees, insurance, utilities and legal expenses yourself while the bank is reviewing the property for renewal. For Ontario landlords, this can...