Mortgage Intelligence

Oshawa's Mortgage News Desk!

January Real Mortgage Story

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Linda and Alan live in Durham Region. Alan works for the City of Toronto and Linda is self employed as a Personal Support Worker, leading a generally comfortable life. Linda’s parent’s also reside with the couple in their home, since Linda’s mother is ailing and fallen upon Linda for care.

Image by courtesy of

Image by courtesy of

In the mean time Alan’s fell sick quite suddenly and was unable to work for about a year. Due to the reduced household income, the couple started falling behind on their unsecured debt payments and as their circumstances worsened, they were also in arrears on their mortgage payments too. Also during this time:

  • Linda’s mother’s health took a turn for the worse;
  • There was a death of a close relative of the family; and
  • Linda’s health started to detiorate due to all the stressful events.

In an attempt to get their finances back on track, the couple approached a mortgage broker, who gave them false hope and was eventually let down, due to the couple’s bad credit history.

Subsequently, Linda and Alan contacted the team at in June 2015 and was able to obtain financing, enabling them to stay in their home, pay off all debts in arrears and also had extra cash for the much needed roof repairs too. The team has adviced them on a 1 year plan to improve their credit and get them back to an “A” lender.

  • Interest of 8.99 per cent for 1 year
  • Monthly payments of $2112.65

Does the story sound familiar? Whatever your circumstances maybe, if you are falling behind on your mortgage and other debt payments, it might be advicable to speak to an expert at to find out options available to you. Call us at 1 866 452-1100 to speak to an expert now!

Fictitious names have been used in order to protect our clients’ identities.


David Hetti is a full time Mortgage Broker with Mortgage Intelligence (FSCO Lic MO8002434) David is the Director of Operations at Mortgage Intelligence Oshawa and heads a team of full time licensed Mortgage Agents serving all of Ontario. David is also a licensed Insurance Consultant.

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