03/14/2024
Rent out a room: If you have a spare room in your home, consider renting it out to help supplement your income. This can help you generate extra cash to put towards your mortgage payments.
Explore government assistance programs: There are several government assistance programs available to help homeowners who are struggling to make their mortgage payments. For example, the Canada Mortgage and Housing Corporation (CMHC) offers the Mortgage Payment Assistance (MPA) program, which provides temporary financial assistance to eligible homeowners who have experienced an involuntary loss of income.
Sell your home: If you're unable to make your mortgage payments and don't see a way to get back on track, selling your home may be the best option. You can use the proceeds from the sale to pay off your mortgage and any other outstanding debts.
For more information, visit our website https://www.fairchoice.ca