What Happens If I Miss a Mortgage Payment or have a Late Mortgage Payment?

http://propertysold.ca This video talks about what happens if you make a late mortgage payment in Canada. What to do when you made a late payment and the importance of making the mortgage payments on time. There is help available if you miss a mortgage payment. One alternative is to talk to your lender. If you have Mortgage Insurance, then you can call the CMHC Claims Payment Centre at 1-866-358-9999 or the genworth Hardship Solutions Program at 1-800-365-4322. There is help available. You can also call Abraham Niyazi (The nice guy in the video) at 1-866-728-3708 ex. 115 as he might be able to offer some solutions including changing from weekly to monthly, if that is an option.

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Howto & Style

Tags:

• mortgage
• late
• payment
• interest rate
• lien
• bank
• agent
• propertysold
• financial
• crisis
• job
• power
• of
• sale
• canada
• Canadian
• missed
• foreclosure
• CMHC
• Genworth
• finance

[williescott2]

I feel into a mess of continual late payment. Falling further and further behind. I did qualify for a loan modification so in blessed to have kept my home. However being "new" to the real world I never realized how late payments destroy your credit. Literally prevents you from getting a loan. My question is, is there a way to remove the late payments from your credit?