01
Confirm the Registration
Determine what CRA has registered against the property and obtain the current CRA balance or payout information required for the file.
Ontario CRA Tax Debt Help
CRA Tax Arrears in Ontario — Mortgage Options for Tax Debt
If you owe money to the Canada Revenue Agency, start by confirming the assessed balance and reviewing repayment options directly with CRA. Where those options do not fully resolve the situation, Ontario homeowners may also be able to review refinancing, a second mortgage or other home equity financing.
CRA tax debt and collection reviews
Registered CRA liens considered
Refinance and second mortgage options
Ontario residential properties
Mortgage financing is subject to lender approval. Lendworth does not provide tax representation, tax advice or legal advice.
CRA First — Mortgage Second
What to Do When You Owe CRA Tax Debt
Before putting new debt against your home, confirm exactly what CRA says you owe, make sure required returns have been filed and understand whether a direct payment arrangement can resolve the balance.
Confirm the Assessed Balance
Review your CRA account, notices of assessment or reassessment and any collection correspondence so you understand the current balance and type of debt.
Contact CRA or the Collections Officer
If you cannot pay in full, ask what payment arrangements may be available and what amount CRA expects based on your financial circumstances.
Address Outstanding Tax Filings
A mortgage does not resolve missing tax filings. Required returns should be completed so the debt and any related interest or penalties can be properly assessed.
Compare Mortgage Financing Only if Needed
If a CRA payment arrangement does not adequately resolve the situation, property-secured financing may then be reviewed as another option.
The Debt Type Matters
Personal Income Tax, GST/HST and Payroll Debt Are Not Identical
The exact type of CRA debt matters because collection procedures, urgency and legal priority can differ. Provide the correct debt type during any mortgage review.
Personal
Personal Income Tax Debt
This may include assessed personal income tax, instalments, related penalties and interest. CRA payment arrangements may be available where the balance cannot be paid immediately.
Business
GST/HST Remittance Debt
GST/HST remittance debt can be subject to different collection treatment. CRA can move into legal collection action more quickly after the required notification steps.
Business
Payroll Remittance Debt
Payroll deduction debt can also be subject to more immediate CRA collection remedies and enhanced garnishment rules. It should be identified clearly at the beginning of the review.
If your debt relates to GST/HST or payroll remittances, do not assume the same collection timeline that may apply to ordinary personal income-tax debt.
CRA Collection Action
What Can Happen if CRA Tax Debt Remains Unresolved?
CRA collection action depends on the debt type and individual circumstances. If a debt is not paid and no acceptable arrangement is maintained, collection activity can progress.
01
Interest & Penalties
Interest generally continues on unpaid balances, and penalties may apply depending on the tax obligation, filing history and circumstances.
02
Offsets & Garnishment
CRA may apply certain refunds or government payments against the debt and can issue garnishments involving wages, financial institutions or other third parties.
03
Lien Against Property
After legally certifying qualifying debt, CRA can register a lien or charge against property to secure the government's claim.
04
Seizure & Sale
Where legally certified debt remains unpaid, CRA may take further steps that can include obtaining authority to seize and sell assets.
Options Directly With CRA
Review CRA Payment Arrangements Before Securing the Debt Against Your Home
A private mortgage may be significantly more expensive than an arrangement directly with CRA. Compare the available paths before converting tax debt into mortgage debt secured against your property.
Review First
CRA Payment Arrangement
CRA may allow taxpayers who cannot pay the full balance immediately to make scheduled payments over time based on their financial circumstances.
Eligible taxpayers may be able to arrange payments through CRA online services or by speaking directly with CRA. If a collections officer has contacted you, use the contact information provided in that correspondence.
Interest can continue while the debt remains outstanding, and future filings and payment obligations must remain current.
Separate Relief Process
Penalty & Interest Relief
CRA may consider cancelling or waiving penalties and interest in qualifying circumstances, including certain events beyond a taxpayer's control or qualifying financial hardship.
This is discretionary relief. It generally does not erase the underlying assessed tax itself.
Mortgage Financing for CRA Debt
Can You Use Home Equity to Pay CRA Tax Arrears?
Potentially. Approved mortgage proceeds can sometimes be used to address confirmed CRA tax debt through a refinance, second mortgage or another property-secured financing structure.
The proposed lender will still assess the property, existing mortgage balances, requested amount, title, CRA registration status, borrower circumstances and repayment strategy.
Using a mortgage to pay CRA changes the nature of the obligation. Tax debt is being replaced by debt secured against your property, so both the cost and the exit strategy need to make sense.
When Mortgage Financing May Be Worth Reviewing
- The CRA balance has been confirmed
- Required tax filings are substantially addressed
- A CRA payment arrangement does not fully solve the problem
- Sufficient property equity may be available
- The proposed mortgage cost is understood
- There is a realistic repayment or exit strategy
CRA Lien on Property
What if CRA Has Already Registered a Lien Against Your Home?
A registered CRA lien can affect title and refinancing, but it does not automatically mean a new mortgage is impossible. The lien, mortgage priority, property value and required payout all need to be reviewed together.
02
Review Equity & Priority
Existing mortgages, the CRA registration and other secured claims are considered when the proposed lender evaluates title and loan-to-value.
03
Coordinate the Closing
If financing is approved, the lender and lawyers must be satisfied with how the CRA debt will be paid and how the registered claim will be dealt with on title.
CRA states that in most cases it removes a lien when the debt has been paid. Do not assume, however, that payment automatically produces an immediate title discharge; the specific registration and closing requirements still need to be completed.
Mortgage Review Process
How Lendworth Reviews CRA Tax Debt Financing
Lendworth is an Ontario mortgage brokerage. We review the property, secured obligations and confirmed financing requirement to determine what mortgage structures may be available through applicable lenders.
01
Confirm the CRA Situation
Provide the approximate tax balance, debt type, CRA correspondence and details of any collections action, garnishment or registered lien.
02
Review Property & Title
We assess estimated property value, existing mortgages, secured obligations and any known CRA claim against the property.
03
Compare Mortgage Structures
Where appropriate, refinancing, a second mortgage, first mortgage or other property-secured options may be reviewed with applicable lenders.
04
Underwriting & Legal Closing
If financing is approved, lender conditions, title requirements, CRA payout instructions and legal closing must be satisfied before funds are advanced.
Mortgage Structures
CRA Tax Arrears Financing Options That May Be Reviewed
There is no automatic “CRA mortgage.” The structure depends on your current mortgage, property equity, CRA balance, title and overall financial plan.
Second Mortgage
Where sufficient equity exists, a second mortgage may provide additional funds while potentially leaving an existing first mortgage in place.
Second Mortgage Options →Mortgage Refinance
A refinance may replace the current mortgage and incorporate approved CRA debt or other qualifying obligations into a new financing structure.
Refinance Options →First Mortgage
A replacement first mortgage may be considered where restructuring the entire mortgage position is more appropriate than adding another mortgage.
First Mortgage Options →Debt Consolidation
If CRA debt is combined with credit cards, loans or other obligations, a broader debt-consolidation mortgage structure may also be worth reviewing.
Debt Consolidation Options →
Prepare the File
Documents and Information to Gather
CRA Information
- Latest CRA balance information
- Notices of assessment or reassessment
- Collection letters or legal warnings
- Collections officer contact details, if applicable
- Details of an existing payment arrangement
- Information about any registered CRA lien
Property & Mortgage Information
- Property address and property type
- Estimated current property value
- Latest first mortgage statement
- Second mortgage or HELOC balances
- Other liens or secured obligations
- Realistic mortgage repayment or exit strategy
Borrow Responsibly
Compare the Cost Before Turning CRA Debt Into Mortgage Debt
Private mortgages can carry higher interest rates and additional lender, brokerage, valuation and legal costs. Using home equity to pay CRA debt also secures the replacement obligation against your property.
Before proceeding, compare the total mortgage cost with any payment arrangement that may be available directly from CRA.
If private financing is used, there should be a realistic strategy for repaying, refinancing or discharging the mortgage before the new term expires.
Review Private Mortgage Borrower Risks →Questions to Answer Before Proceeding
- What exact CRA debt is being paid?
- Is the balance fully assessed?
- Can CRA provide a workable payment arrangement?
- Is there a CRA lien already on title?
- What is the complete mortgage cost?
- What is the repayment or exit strategy?
CRA Tax Arrears FAQ
Common Questions From Ontario Homeowners
What should I do if I cannot pay my CRA tax debt in full?
Contact CRA or the collections officer identified in your correspondence and ask about available payment options. CRA may allow payments over time based on your financial circumstances. If that arrangement does not adequately resolve the situation, mortgage financing can then be reviewed as another option.
Can I use a mortgage to pay CRA tax arrears?
Potentially. Approved mortgage proceeds from a refinance, second mortgage or another property-secured structure may be used to address confirmed CRA tax debt. Approval depends on the property, existing secured debt, amount required, title, borrower circumstances and lender requirements.
Can CRA put a lien on my home in Ontario?
Yes. After legally certifying qualifying unpaid debt, CRA can register a lien or charge against property to secure the government's claim. A lien can affect refinancing and the future sale of the property.
Can I refinance if CRA already has a lien on my property?
Potentially. A CRA lien does not automatically prevent refinancing, but the proposed lender must review the registered claim, existing mortgages, property value, title and overall loan-to-value. CRA payout and discharge requirements also need to be addressed through the legal closing.
Will paying the CRA debt automatically remove the lien from my home?
Not necessarily immediately. CRA states that in most cases it removes the lien once the debt has been paid, but the requirements for the particular registration and land-title discharge must still be completed. Your lawyer should confirm the closing requirements.
Can CRA garnish my wages or bank account?
Yes. CRA can issue legal garnishment documents requiring certain third parties, including employers or financial institutions, to send money that would otherwise be payable to you toward the outstanding debt.
Does CRA offer payment arrangements?
Yes. Where a taxpayer cannot pay the full debt immediately, CRA may permit scheduled payments based on financial circumstances. The arrangement must be maintained, future obligations must remain current and interest can continue while the balance remains unpaid.
Can CRA waive penalties or interest?
CRA may consider cancelling or waiving penalties and interest under taxpayer relief provisions in qualifying circumstances. Relief is discretionary and generally does not eliminate the underlying assessed tax itself.
Are GST/HST and payroll remittance debts treated differently?
They can be. CRA states that legal collection action for GST/HST remittance and payroll deduction debt may begin more quickly after notification than for some other tax debts. Enhanced garnishment rules can also apply to certain remittance debts.
Can I get a private mortgage if I have bad credit and CRA debt?
Credit challenges do not automatically prevent a private mortgage review. Property value and equity may be important, but the complete transaction, mortgage position, title, borrower circumstances, total cost and realistic exit strategy must also be reviewed.
Does Lendworth negotiate my tax debt with CRA?
No. Lendworth is a mortgage brokerage and does not represent taxpayers before CRA, negotiate tax assessments or provide tax advice. We can review potential mortgage financing where a confirmed CRA balance needs to be addressed.
Related Ontario Mortgage Help
Review the Option That Matches Your Situation
Debt Consolidation
If CRA debt is combined with credit cards, loans or other obligations, review a broader home-equity debt-consolidation structure.
Debt Consolidation Options →Mortgage Refinance
Review refinancing when the existing mortgage and CRA obligation may need to be dealt with in one replacement financing structure.
Refinance Options →Second Mortgage
Review additional property-secured financing where keeping an existing first mortgage in place may be appropriate.
Second Mortgage Options →Mortgage Arrears
If CRA debt has also affected mortgage payments, review mortgage arrears before the mortgage situation progresses further.
Mortgage Arrears Help →
CRA Balance Confirmed?
Review Whether Mortgage Financing Fits Your Situation
If your CRA tax balance is confirmed and direct repayment arrangements do not adequately resolve the problem, gather your CRA correspondence, mortgage statements and property information. Lendworth can review whether refinancing, a second mortgage or another property-secured financing option may be available.
This page provides general mortgage information and is not tax, accounting, legal, financial or credit advice. Lendworth Financial Corp. does not represent taxpayers before the Canada Revenue Agency, negotiate tax assessments or provide advice regarding the validity of tax debts. CRA payment arrangements, taxpayer relief, liens, garnishments and other collection remedies depend on the debt type and specific circumstances. Mortgage financing is subject to lender approval, underwriting, acceptable property security, valuation, title review, documentation and other applicable conditions. No mortgage approval, funding date, CRA payment outcome, lien discharge or collection outcome is guaranteed. Private mortgages may carry higher interest rates and additional lender, brokerage, appraisal or valuation and legal costs and are generally intended as shorter-term financing. Lendworth Financial Corp. is licensed as an Ontario Mortgage Brokerage, FSRA Licence #13494.
Ontario CRA Tax Debt Help
CRA Tax Arrears in Ontario — Mortgage Options for Tax Debt
If you owe money to the Canada Revenue Agency, start by confirming the assessed balance and reviewing repayment options directly with CRA. Where those options do not fully resolve the situation, Ontario homeowners may also be able to review refinancing, a second mortgage or other home equity financing.
CRA tax debt and collection reviews
Registered CRA liens considered
Refinance and second mortgage options
Ontario residential properties
Mortgage financing is subject to lender approval. Lendworth does not provide tax representation, tax advice or legal advice.
CRA First — Mortgage Second
What to Do When You Owe CRA Tax Debt
Before putting new debt against your home, confirm exactly what CRA says you owe, make sure required returns have been filed and understand whether a direct payment arrangement can resolve the balance.
Confirm the Assessed Balance
Review your CRA account, notices of assessment or reassessment and any collection correspondence so you understand the current balance and type of debt.
Contact CRA or the Collections Officer
If you cannot pay in full, ask what payment arrangements may be available and what amount CRA expects based on your financial circumstances.
Address Outstanding Tax Filings
A mortgage does not resolve missing tax filings. Required returns should be completed so the debt and any related interest or penalties can be properly assessed.
Compare Mortgage Financing Only if Needed
If a CRA payment arrangement does not adequately resolve the situation, property-secured financing may then be reviewed as another option.
The Debt Type Matters
Personal Income Tax, GST/HST and Payroll Debt Are Not Identical
The exact type of CRA debt matters because collection procedures, urgency and legal priority can differ. Provide the correct debt type during any mortgage review.
Personal
Personal Income Tax Debt
This may include assessed personal income tax, instalments, related penalties and interest. CRA payment arrangements may be available where the balance cannot be paid immediately.
Business
GST/HST Remittance Debt
GST/HST remittance debt can be subject to different collection treatment. CRA can move into legal collection action more quickly after the required notification steps.
Business
Payroll Remittance Debt
Payroll deduction debt can also be subject to more immediate CRA collection remedies and enhanced garnishment rules. It should be identified clearly at the beginning of the review.
If your debt relates to GST/HST or payroll remittances, do not assume the same collection timeline that may apply to ordinary personal income-tax debt.
CRA Collection Action
What Can Happen if CRA Tax Debt Remains Unresolved?
CRA collection action depends on the debt type and individual circumstances. If a debt is not paid and no acceptable arrangement is maintained, collection activity can progress.
01
Interest & Penalties
Interest generally continues on unpaid balances, and penalties may apply depending on the tax obligation, filing history and circumstances.
02
Offsets & Garnishment
CRA may apply certain refunds or government payments against the debt and can issue garnishments involving wages, financial institutions or other third parties.
03
Lien Against Property
After legally certifying qualifying debt, CRA can register a lien or charge against property to secure the government's claim.
04
Seizure & Sale
Where legally certified debt remains unpaid, CRA may take further steps that can include obtaining authority to seize and sell assets.
Options Directly With CRA
Review CRA Payment Arrangements Before Securing the Debt Against Your Home
A private mortgage may be significantly more expensive than an arrangement directly with CRA. Compare the available paths before converting tax debt into mortgage debt secured against your property.
Review First
CRA Payment Arrangement
CRA may allow taxpayers who cannot pay the full balance immediately to make scheduled payments over time based on their financial circumstances.
Eligible taxpayers may be able to arrange payments through CRA online services or by speaking directly with CRA. If a collections officer has contacted you, use the contact information provided in that correspondence.
Interest can continue while the debt remains outstanding, and future filings and payment obligations must remain current.
Separate Relief Process
Penalty & Interest Relief
CRA may consider cancelling or waiving penalties and interest in qualifying circumstances, including certain events beyond a taxpayer's control or qualifying financial hardship.
This is discretionary relief. It generally does not erase the underlying assessed tax itself.
Mortgage Financing for CRA Debt
Can You Use Home Equity to Pay CRA Tax Arrears?
Potentially. Approved mortgage proceeds can sometimes be used to address confirmed CRA tax debt through a refinance, second mortgage or another property-secured financing structure.
The proposed lender will still assess the property, existing mortgage balances, requested amount, title, CRA registration status, borrower circumstances and repayment strategy.
Using a mortgage to pay CRA changes the nature of the obligation. Tax debt is being replaced by debt secured against your property, so both the cost and the exit strategy need to make sense.
When Mortgage Financing May Be Worth Reviewing
- The CRA balance has been confirmed
- Required tax filings are substantially addressed
- A CRA payment arrangement does not fully solve the problem
- Sufficient property equity may be available
- The proposed mortgage cost is understood
- There is a realistic repayment or exit strategy
CRA Lien on Property
What if CRA Has Already Registered a Lien Against Your Home?
A registered CRA lien can affect title and refinancing, but it does not automatically mean a new mortgage is impossible. The lien, mortgage priority, property value and required payout all need to be reviewed together.
01
Confirm the Registration
Determine what CRA has registered against the property and obtain the current CRA balance or payout information required for the file.
02
Review Equity & Priority
Existing mortgages, the CRA registration and other secured claims are considered when the proposed lender evaluates title and loan-to-value.
03
Coordinate the Closing
If financing is approved, the lender and lawyers must be satisfied with how the CRA debt will be paid and how the registered claim will be dealt with on title.
CRA states that in most cases it removes a lien when the debt has been paid. Do not assume, however, that payment automatically produces an immediate title discharge; the specific registration and closing requirements still need to be completed.
Mortgage Review Process
How Lendworth Reviews CRA Tax Debt Financing
Lendworth is an Ontario mortgage brokerage. We review the property, secured obligations and confirmed financing requirement to determine what mortgage structures may be available through applicable lenders.
01
Confirm the CRA Situation
Provide the approximate tax balance, debt type, CRA correspondence and details of any collections action, garnishment or registered lien.
02
Review Property & Title
We assess estimated property value, existing mortgages, secured obligations and any known CRA claim against the property.
03
Compare Mortgage Structures
Where appropriate, refinancing, a second mortgage, first mortgage or other property-secured options may be reviewed with applicable lenders.
04
Underwriting & Legal Closing
If financing is approved, lender conditions, title requirements, CRA payout instructions and legal closing must be satisfied before funds are advanced.
Mortgage Structures
CRA Tax Arrears Financing Options That May Be Reviewed
There is no automatic “CRA mortgage.” The structure depends on your current mortgage, property equity, CRA balance, title and overall financial plan.
Second Mortgage
Where sufficient equity exists, a second mortgage may provide additional funds while potentially leaving an existing first mortgage in place.
Second Mortgage Options →Mortgage Refinance
A refinance may replace the current mortgage and incorporate approved CRA debt or other qualifying obligations into a new financing structure.
Refinance Options →First Mortgage
A replacement first mortgage may be considered where restructuring the entire mortgage position is more appropriate than adding another mortgage.
First Mortgage Options →Debt Consolidation
If CRA debt is combined with credit cards, loans or other obligations, a broader debt-consolidation mortgage structure may also be worth reviewing.
Debt Consolidation Options →
Prepare the File
Documents and Information to Gather
CRA Information
- Latest CRA balance information
- Notices of assessment or reassessment
- Collection letters or legal warnings
- Collections officer contact details, if applicable
- Details of an existing payment arrangement
- Information about any registered CRA lien
Property & Mortgage Information
- Property address and property type
- Estimated current property value
- Latest first mortgage statement
- Second mortgage or HELOC balances
- Other liens or secured obligations
- Realistic mortgage repayment or exit strategy
Borrow Responsibly
Compare the Cost Before Turning CRA Debt Into Mortgage Debt
Private mortgages can carry higher interest rates and additional lender, brokerage, valuation and legal costs. Using home equity to pay CRA debt also secures the replacement obligation against your property.
Before proceeding, compare the total mortgage cost with any payment arrangement that may be available directly from CRA.
If private financing is used, there should be a realistic strategy for repaying, refinancing or discharging the mortgage before the new term expires.
Review Private Mortgage Borrower Risks →Questions to Answer Before Proceeding
- What exact CRA debt is being paid?
- Is the balance fully assessed?
- Can CRA provide a workable payment arrangement?
- Is there a CRA lien already on title?
- What is the complete mortgage cost?
- What is the repayment or exit strategy?
CRA Tax Arrears FAQ
Common Questions From Ontario Homeowners
What should I do if I cannot pay my CRA tax debt in full?
Contact CRA or the collections officer identified in your correspondence and ask about available payment options. CRA may allow payments over time based on your financial circumstances. If that arrangement does not adequately resolve the situation, mortgage financing can then be reviewed as another option.
Can I use a mortgage to pay CRA tax arrears?
Potentially. Approved mortgage proceeds from a refinance, second mortgage or another property-secured structure may be used to address confirmed CRA tax debt. Approval depends on the property, existing secured debt, amount required, title, borrower circumstances and lender requirements.
Can CRA put a lien on my home in Ontario?
Yes. After legally certifying qualifying unpaid debt, CRA can register a lien or charge against property to secure the government's claim. A lien can affect refinancing and the future sale of the property.
Can I refinance if CRA already has a lien on my property?
Potentially. A CRA lien does not automatically prevent refinancing, but the proposed lender must review the registered claim, existing mortgages, property value, title and overall loan-to-value. CRA payout and discharge requirements also need to be addressed through the legal closing.
Will paying the CRA debt automatically remove the lien from my home?
Not necessarily immediately. CRA states that in most cases it removes the lien once the debt has been paid, but the requirements for the particular registration and land-title discharge must still be completed. Your lawyer should confirm the closing requirements.
Can CRA garnish my wages or bank account?
Yes. CRA can issue legal garnishment documents requiring certain third parties, including employers or financial institutions, to send money that would otherwise be payable to you toward the outstanding debt.
Does CRA offer payment arrangements?
Yes. Where a taxpayer cannot pay the full debt immediately, CRA may permit scheduled payments based on financial circumstances. The arrangement must be maintained, future obligations must remain current and interest can continue while the balance remains unpaid.
Can CRA waive penalties or interest?
CRA may consider cancelling or waiving penalties and interest under taxpayer relief provisions in qualifying circumstances. Relief is discretionary and generally does not eliminate the underlying assessed tax itself.
Are GST/HST and payroll remittance debts treated differently?
They can be. CRA states that legal collection action for GST/HST remittance and payroll deduction debt may begin more quickly after notification than for some other tax debts. Enhanced garnishment rules can also apply to certain remittance debts.
Can I get a private mortgage if I have bad credit and CRA debt?
Credit challenges do not automatically prevent a private mortgage review. Property value and equity may be important, but the complete transaction, mortgage position, title, borrower circumstances, total cost and realistic exit strategy must also be reviewed.
Does Lendworth negotiate my tax debt with CRA?
No. Lendworth is a mortgage brokerage and does not represent taxpayers before CRA, negotiate tax assessments or provide tax advice. We can review potential mortgage financing where a confirmed CRA balance needs to be addressed.
Related Ontario Mortgage Help
Review the Option That Matches Your Situation
Debt Consolidation
If CRA debt is combined with credit cards, loans or other obligations, review a broader home-equity debt-consolidation structure.
Debt Consolidation Options →Mortgage Refinance
Review refinancing when the existing mortgage and CRA obligation may need to be dealt with in one replacement financing structure.
Refinance Options →Second Mortgage
Review additional property-secured financing where keeping an existing first mortgage in place may be appropriate.
Second Mortgage Options →Mortgage Arrears
If CRA debt has also affected mortgage payments, review mortgage arrears before the mortgage situation progresses further.
Mortgage Arrears Help →
CRA Balance Confirmed?
Review Whether Mortgage Financing Fits Your Situation
If your CRA tax balance is confirmed and direct repayment arrangements do not adequately resolve the problem, gather your CRA correspondence, mortgage statements and property information. Lendworth can review whether refinancing, a second mortgage or another property-secured financing option may be available.
This page provides general mortgage information and is not tax, accounting, legal, financial or credit advice. Lendworth Financial Corp. does not represent taxpayers before the Canada Revenue Agency, negotiate tax assessments or provide advice regarding the validity of tax debts. CRA payment arrangements, taxpayer relief, liens, garnishments and other collection remedies depend on the debt type and specific circumstances. Mortgage financing is subject to lender approval, underwriting, acceptable property security, valuation, title review, documentation and other applicable conditions. No mortgage approval, funding date, CRA payment outcome, lien discharge or collection outcome is guaranteed. Private mortgages may carry higher interest rates and additional lender, brokerage, appraisal or valuation and legal costs and are generally intended as shorter-term financing. Lendworth Financial Corp. is licensed as an Ontario Mortgage Brokerage, FSRA Licence #13494.