Homeowners on the brink face tough choice of selling home as mortgage payments climb

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Homeowners on the brink face tough choice of selling home as mortgage payments climb
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As more and more homeowners face mortgage renewals at higher interest rates, some are facing the prospect of having to sell. Read more here

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.TORONTO — As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford.

“It’s not the time to focus on cutting out lattes,” she said. “You want to make sure you’re making some big changes and it needs to be sustainable.”with a lump-sum payment before it gets renewed at a higher rate to help manage the expected increased monthly payment. “It is a bit misleading,” he said. “Whether you are low-income or a high-income person, provided you have a mortgage, these rates are affecting you.”

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Homeowners on the brink face tough choice of selling home as mortgage payments climbHomeowners on the brink face tough choice of selling home as mortgage payments climbTORONTO — As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a ...
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Homeowners on the brink face tough choice of selling home as mortgage payments climbHomeowners on the brink face tough choice of selling home as mortgage payments climbTORONTO — As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford.
Read more »

Homeowners on the brink face tough choice of selling home as mortgage payments climbHomeowners on the brink face tough choice of selling home as mortgage payments climbAs more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford.
Read more »

Homeowners on the brink face tough choice of selling home as mortgage payments climbHomeowners on the brink face tough choice of selling home as mortgage payments climbAs more and more homeowners face mortgage renewals at higher interest rates, some are facing the dreaded prospect of having to sell a home.
Read more »

Homeowners on the brink face tough choice of selling home as mortgage payments climbHomeowners on the brink face tough choice of selling home as mortgage payments climbAs more and more homeowners face mortgage renewals at higher interest rates, some are facing the prospect of having to sell. Read more here
Read more »

Homeowners on the brink face tough choice of selling home as mortgage payments climbHomeowners on the brink face tough choice of selling home as mortgage payments climbAs more and more homeowners face mortgage renewals at higher interest rates, some are facing the dreaded prospect of having to sell a home.
Read more »



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