Failure to meet the terms of a mortgage agreement, typically by missing payments. Default can lead to power of sale or foreclosure proceedings, damaged credit, and loss of the property.
Related Articles
- DSCR Loans for LLCs: Finance Properties Through Your Entity
How to close DSCR loans directly in your LLC for liability protection and portfolio management. Entity-based investment property financing guide.
- How to Get a Mortgage While on Job Probation in Canada
Denied a mortgage due to job probation? Monoline lenders, B lenders, and alternative options can approve you even with a short employment history. Here's how.
- Lower Investment Property Rates: 3 Proven Strategies
Reduce rental property interest rates with bigger down payments, credit optimization, and smart lender shopping. Canadian mortgage strategies for investors.