vancouver private mortgages: Dealing With Mortgage Payment Problem
- 11/08/08 02:18 PM
Mortgage payment problem increases when home owners are faced with financial difficulties. A slowdown in the real estate market is seeing home prices dropping in many regions. The recent drop in real-estate values is sending homeowners to the poor house. A recent Vancouver Sun article "Bankruptcies climb in B.C." high-lighted the blight of many home owners who are in financial difficulties.Mortgage DelinquencyThere is a close link between house prices and mortgage delinquency rates. Most delinquencies and foreclosures are often precipitated by life events such as the loss of employment, illness and divorce. However, the amount of equity in a home affects (0 comments)
vancouver private mortgages: Demand For Vancouver Second Mortgages Expected To Increase
- 11/08/08 01:12 PM
Expect A Jump In Demand For Second Mortgages Going Broke Some Canadian home owners are maxed out! A home owner who is facing a serious financial problem and insolvency should read CBC's recent Personal Finance article "What to do when you can't pay your bills." There are not many options for a home owner to deal with the problem. In recent months, personal bankruptcy has steadily increased. A recent Canwest News Service release, "Canada: Bankruptcy numbers rise" was pointing to a more difficult time for some Canadians. A major cut back in personal spending and getting rid of major financial obligations have (0 comments)