{"id":77193,"date":"2024-11-15T12:26:30","date_gmt":"2024-11-15T20:26:30","guid":{"rendered":"https:\/\/www.nerdwallet.com\/ca\/?page_id=77193"},"modified":"2024-12-12T09:58:21","modified_gmt":"2024-12-12T17:58:21","slug":"mortgage-delinquency-help","status":"publish","type":"page","link":"https:\/\/www.nerdwallet.com\/ca\/mortgages\/mortgage-delinquency-help","title":{"rendered":"Mortgage Delinquency Help"},"content":{"rendered":"\n


Help With Mortgage Delinquency<\/h1>
Falling behind on your mortgage payments is stressful, and can happen to anyone. Use these resources to understand your options and
protect your home.<\/div><\/div><\/div>\n\n\n\n\t
\n\t\t\t\t\t

\n\t\t\t\tManaging Your Mortgage\t\t\t<\/h4>\n\t\t\n\t\t
\n\t\t\t
\n
\n\t
\n\t\t\t\n\t\t\"Here’s\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tHere’s What Happens If You Miss a Mortgage Payment\t<\/a>\n<\/h4>\n\n\t
\n\t\t

A missed mortgage payment doesn’t necessarily mean you’ll lose your house. Quick action is crucial to keep the situation under control.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Nora Dunn<\/a>\"\"Kurt Woock<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"Refinancing\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tRefinancing a Mortgage in Canada\t<\/a>\n<\/h4>\n\n\t
\n\t\t

A mortgage refinance can help you tap into home equity and secure better mortgage terms. Find out how \u2014 and when \u2014 to do it.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Clay Jarvis<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"4\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\t4 Paths to a More Affordable Mortgage Payment\t<\/a>\n<\/h4>\n\n\t
\n\t\t

If your variable-rate mortgage payments are becoming too high to manage, options like payment deferrals and reamortizing can help keep you on track.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Clay Jarvis<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"Foreclosure\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tForeclosure in Canada: How It Works and Steps You Should Take\t<\/a>\n<\/h4>\n\n\t
\n\t\t

Your lender can repossess your home if you miss mortgage payments. If you fall behind, communication is key. <\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Kurt Woock<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>\t\t<\/div>\n\t<\/section>\n\n\n\n
\n\n\t\n\t\n\n\t\t\n\t\t
\n\t\t\t\n\t\t\t

A Guide to Changing Your Loan or Lender<\/h3>\n\t\t\t\t\t\t\t

\n\t\t\t\t\tSwitching a mortgage from one lender to another is one way to get better terms, a lower interest rate or improve your repayment options.\t\t\t\t<\/p>\n\t\t\t\t\t<\/div>\n\n\t\t

Learn About Switching Lenders<\/a><\/div>\t<\/div>\n<\/div>\n\n\n\n\t
\n\t\t\t\t\t

\n\t\t\t\tYour Questions Answered\t\t\t<\/h4>\n\t\t\n\t\t
\n\t\t\t
\n
\n\t
\n\t\t\t\n\t\t\"Help!\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tHelp! My Mortgage Is up for Renewal, But My Finances Have Changed\u00a0\t<\/a>\n<\/h4>\n\n\t
\n\t\t

A change in income or credit score can affect how you approach renewing your mortgage.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Kurt Woock<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"Can\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tCan You Refinance a Mortgage with Bad Credit?\t<\/a>\n<\/h4>\n\n\t
\n\t\t

You can refinance your mortgage with less-than-perfect, but you’ll probably need to turn to a B lender or private lender.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Barry Choi<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"Variable\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tVariable Or Fixed For Mortgage Renewal? Not An Easy Call\t<\/a>\n<\/h4>\n\n\t
\n\t\t

Deciding between a variable or fixed mortgage rate at renewal requires balancing your present finances with your future needs. <\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Clay Jarvis<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"Default,\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tDefault, Delinquency and Arrears: What These Terms Mean\t<\/a>\n<\/h4>\n\n\t
\n\t\t

These terms are all related to missing a mortgage payment, but they have important differences.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t\t
\n\t\t\t\n\t\t\t
\n\t\t\t\t\"\"Kurt Woock<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>\t\t<\/div>\n\t<\/section>\n\n\n\n
\n\n\t\n\t\n\n\t\t\n\t\t
\n\t\t\t\n\t\t\t

Mortgage Lenders for Bad Credit<\/h3>\n\t\t\t\t\t\t\t

\n\t\t\t\t\tA low credit score makes it harder to a get a mortgage, but you might still find the financing you need at one of these alternative mortgage lenders.
\t\t\t\t<\/p>\n\t\t\t\t\t<\/div>\n\n\t\t

Explore Bad Credit Mortgage Lenders<\/a><\/div>\t<\/div>\n<\/div>\n\n\n\n\t
\n\t\t\t\t\t

\n\t\t\t\tKeep An Eye On Rates\t\t\t<\/h4>\n\t\t\n\t\t
\n\t\t\t
\n
\n\t
\n\t\t\t\n\t\t\"Current\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tCurrent Mortgage Rates in Canada\t<\/a>\n<\/h4>\n\n\t
\n\t\t

Compare current mortgage rates to find the lowest mortgage rate for your home buying needs.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"The\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tThe Best Mortgage Renewal Rates in Canada\t<\/a>\n<\/h4>\n\n\t
\n\t\t

Compare mortgage renewal rates from some of Canada\u2019s best bank and alternative lenders to ensure you\u2019re getting the best deal on your mortgage\u2019s next term.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"5-Year\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\t5-Year Fixed Mortgage Rates\t<\/a>\n<\/h4>\n\n\t
\n\t\t

Compare customized 5-year fixed mortgage rates from Canada\u2019s best lenders and brokers for free. Find the lowest mortgage rate and apply for the home loan that best fits your needs.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>
\n
\n\t
\n\t\t\t\n\t\t\"The\t<\/a>\n\t\t\t
\n\t\t\t\n

\n\t\n\t\tThe Best Mortgage Refinance Rates in Canada\t<\/a>\n<\/h4>\n\n\t
\n\t\t

Comparing mortgage refinance rates among lenders can help you save money and secure better terms for the next phase of your mortgage.<\/p>\n\t<\/div>\n\n\t

\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>\t\t<\/div>\n\t<\/section>\n\n","protected":false},"excerpt":{"rendered":"

Falling behind on your mortgage payments is stressful, and can happen to anyone. Use these resources to understand your options and
\nprotect your home.<\/p>\n","protected":false},"author":12,"featured_media":77196,"parent":106,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"[]","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":"","_nw_pros_cons_block_schema":""},"content-classification":[16],"topic":[116],"cluster":[231],"pp_author":[34],"acf":[],"apple_news_notices":[],"yoast_head":"\nMortgage Delinquency Help - NerdWallet Canada<\/title>\n<meta name=\"description\" content=\"Falling behind on your mortgage payments is stressful, and can happen to anyone. 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