Your lender may agree to restructure your mortgage rather than pursue costly foreclosure proceedings. We negotiate on your behalf to find terms you can afford.
Mortgage restructuring means changing the terms of your existing mortgage to make it more affordable. This can include extending the amortization period, reducing the interest rate, adding arrears to the principal, or arranging a temporary payment deferral. The goal is to keep you in your home while bringing your mortgage back into good standing.
Temporarily pause or reduce your payments to get through a short-term financial hardship. Missed payments are added to your principal balance.
Short-Term ReliefPermanently change your mortgage terms — lower interest rate, longer amortization, or both. This reduces your monthly payment going forward.
Permanent SolutionYour missed payments and legal fees are added to your mortgage balance and spread across the remaining term. No lump-sum catch-up payment required.
Catch-Up PlanKeep your existing mortgage terms but add a temporary extra payment each month to gradually pay off your arrears over 6-24 months.
Gradual RecoveryForeclosure is expensive for lenders too. Legal fees, property maintenance, real estate commissions, and the risk of selling below market value all eat into a lender's recovery. In many cases, restructuring your mortgage is the more profitable option for your lender — which is why they often agree when approached correctly.
The key is knowing how to negotiate. Having an experienced advocate present your case to the lender's loss mitigation department dramatically increases your chances of approval.
We'll assess your situation and negotiate directly with your lender. Free, confidential consultation.