As a real estate owner, you are responsible for making your property tax payments on time, especially when you have an existing mortgage registered against your property. This is very much the business of your mortgage lender as they can likewise be affected by property tax arrears. Contrary to common belief, property tax arrears can take priority to any and all registered mortgages on title of the real estate. In other words, your mortgage lender can potentially lose money if the property tax arrears escalates to the point where the municipality ends up selling the real estate and there are insufficient funds to pay out the existing mortgages.
Also, if your existing mortgage lender collects property tax instalments within your scheduled mortgage payments (principal + interest + property taxes) any default with the property tax account might possibly lead to default under the mortgage. This may possibly now escalate into mortgage arrears which is an entirely separate & serious issue.Â
Equally important, you as the property owner, can potentially lose hard-earned equity, and the property itself, should the property be sold when the property taxes could have easily been resolved provided sufficient equity.
DV Capital has helped real estate owners for over a decade bring their property taxes up to date and avoid issues and interest penalties that can lead to the sale of their property.
We warmly invite you for a confidential discussion 7 days a week. Please feel free to ‘Call Us Now’ or ‘Apply Online’ and one of our licensed mortgage professionals will contact you right away.Â
DV Capital Corporation is licensed and regulated as a Mortgage Brokerage with the Financial Services Regulatory Authority of Ontario and is a corporate member of Mortgage Professionals Canada, Canadian Mortgage Brokers Association of Ontario, British Columbia and Atlantic Canada. DV Capital excels in the alternative mortgage market, a marketplace often under-serviced by traditional mortgage lenders and other mortgage providers that lack the expertise, knowledge and lender connections required to help clients cross the finish line.
We work with clients with ALL types of credit and have funded mortgages for clients without any established credit in Canada, low, average, or high credit scores, regardless of being turned down elsewhere!
Excellent! We have tailored mortgage programs designed specifically for self-employed individuals who might not be able to formally illustrate all of their income or have had recent slow-downs as a result of COVID-19!
We have excellent success helping clients that have been turned down elsewhere as a result of the property location, property type, property zoning, property condition, as well as the income and credit profile of our client. A large portion of our clients have approached us after learning how unwilling their bank is to support their mortgage goals!
We have many years of experience helping homeowners eliminate their high-interest debts and payments by consolidating everything into one manageable payment and allowing them to start fresh with a clean slate!
Within moments of our initial discussion, we'll be able to understand your current situation and discuss a positive game plan to promptly secure a replacement mortgage, regardless of late payments during the term of your current mortgage or credit score, provided sufficient equity!
We have many mortgage options available for individuals who own real estate in rural and remote locations including agriculturally zoned property, with acreage, and well and septic services. We have helped individuals finance their working or hobby farm, as well as second homes and cottage properties across Ontario!
We are incredibly experienced with providing solutions for financial distress and have the ability and formula required to cure mortgage arrears, bring existing mortgages up to date, or promptly secure a replacement mortgage!
Contact us immediately to evaluate your current situation and discuss a game plan to not only stop the power of sale and the eventual sale of your property but to also prevent further mortgage and legal fees that will erode your hard-earned home equity. We have over a decade of experience handling these matters and are well equipped with professional partners including real estate lawyers well versed and willing to assist with the matter at hand.
Provided sufficient equity, we are happy to help clients with loan amounts ranging from $20,000 to well above $5,000,000!
Excellent! We've assisted clients finance their renovation projects for their own self-enjoyment, to renovate a basement for rental income, fix-n-flips, ground-up construction and to build an addition to an existing property!
You've come to the right place! We have helped clients discharge their consumer proposal and or bankruptcy allowing them to begin their credit re-establishment journey!
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DV Capital Corporation ~ FSRA Lic. 13186
*Thank you for providing DV Capital with CASL expressed consent to contact you electronically for mortgage-related purposes.