Communicate with your lender
If you’re having trouble making your mortgage payments, talk to your lender as soon as possible. They may be willing to work out a payment plan that fits your budget or provide other options for you to avoid missing payments.
This communication could include issuing a notice to your lender if you are unable to make the full payment. A notice will advise the lender of the amount of payment you are able to make at this time while still providing the necessities for your family to live. This notice advises the lender of the total amount you can honourably pay in good faith, demonstrates that you are proactively working with them towards a solution and prevents them from accessing additional sums directly from your bank account until you advise otherwise. Please contact me directly for more information.