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MORTGAGE TROUBLES:
If you need money and fast consider the following:
1. Running your business from home enables you to deduct expenses on your income tax such as mortgage interest, utilities and insurance
2. Become a landlord. Make some money on renters which also serve as tax write-offs
3. Consider a reverse mortgage
4. Grants and low interest loans are available for certain houses and income levels available at federal institutions such as the Canada Mortgage and Housing Corporation (CMHC) – www.chmc.ca
5. Foreclosure is where the lender takes your home
6. Judicial Sale is where your property is sold under the authority of the courts
7. Bankruptcy is where you are unable to pay your debts and the courts have labeled you as such
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