Spouse Passed Away Before Your Mortgage Renewal? Ontario Options When the Remaining Homeowner Must Carry the Mortgage Alone Yet this can happen when a jointly owned Ontario home reaches mortgage renewal after one borrower has passed away. The mortgage may have been affordable while two incomes supported the household. The ...
Separation Agreement Requires You to Pay Your Ex by a Deadline? Ontario Home Equity Financing for a Spousal Buyout You may have agreed that one spouse will keep the home while the other receives a specific payout by a certain date. On paper, the property may have more than enough equity to complete the buyout. The...
CRA Froze Your Business Bank Account Before Payroll? Home-Equity Financing Options for Ontario Owners Payroll may be due, suppliers may be waiting and customers may still owe money. The business could be profitable over the long term, but it cannot function normally without access to its operating acc... Home Equity Lendworth
Your Mortgage Is Maturing Before Your Home Sells? Ontario Private Financing Options While You Wait for Closing The problem is that the mortgage maturity date arrives before the buyer does. For Ontario homeowners, this can create a surprisingly urgent financing problem. An existing lender may want its mortgage ...
Vendor Take-Back Mortgage Is Maturing? Ontario Refinancing Options Before the Balloon Payment However, vendor financing is usually temporary. When the maturity date arrives, the seller may expect the entire remaining balance to be paid—not another series of monthly payments. If the bank is not... Home Equity Lendworth
Mortgage Renewal Due While Your Home Is Still Under Renovation? Ontario Options When the Bank Won’t Refinance an Unfinished Property The kitchen may be removed. Flooring may still be incomplete. An addition could be framed but unfinished. Electrical, plumbing or drywall work may still be underway. You may already have invested hund...
Condo Status Certificate Revealed Litigation? Mortgage Options When the Bank Refuses to Fund Then the lender reviewed the status certificate and discovered condominium litigation, an insurance issue, an underfunded reserve or another concern affecting the corporation. The borrower may be fina... Home Equity Lendworth
Need to Buy Out Your Spouse Before Mortgage Renewal? Ontario Refinance Options When One Owner Is Keeping the Home One person wants to keep the home. The other wants their share of the equity. Both names may still be on title and the existing mortgage, and the lender may require the person keeping the property to ... Lendworth
One Beneficiary Wants to Keep the Inherited Home but the Others Want Cash? Ontario Estate Buyout Financing One beneficiary may want to keep the home because they live there, have an emotional attachment to it or believe it should remain in the family. The other beneficiaries may prefer to receive their sha... Home Equity Lendworth
Property Taxes in Arrears Before Your Mortgage Renewal? Ontario Home Equity Options Before the Deadline You may have been managing the mortgage payments, but higher household costs, business expenses, reduced income or an unexpected financial setback caused the municipal tax balance to build. Then the m...
Home Damaged by Fire, Flood or Catastrophic Loss? Ontario Mortgage Options to Fund Restoration Before the Property Is Rebuilt A burst pipe can destroy flooring, drywall and cabinetry. Storm damage can expose the structure to additional loss, while sewage or prolonged water intrusion may require immediate remediation before r...
Joint Owner Wants Out of the Property Before Renewal? Ontario Mortgage Buyout Options Siblings may own a home together. Friends may have purchased an investment property. A parent and adult child may share title, or two business partners may jointly own real estate. When one owner want... Lendworth