The economy in Calgary the last few years … it has been tough. I mean, really tough, like lose your job, have you use your credit cards too much, maybe miss a car payment tough. Here is the thing, you can recover from that. You really can! But there is one payment that you cannot miss, a mortgage payment. There is no coming back from that.
In today’s lending environment, we are increasingly seeing lenders that will not tolerate a missed mortgage payment on your credit bureau. Check out my video and hear why I call it “The Kiss of Death.”
If you know someone that is struggling but has equity in their home, make sure that you encourage them to reach out to us while solutions still exist!