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Are your home owning expenses getting out of control?

 

Does this sound like you?
You and your spouse rented an apartment for several years before realizing the cost of renting is almost the same as a mortgage payment. Unfortunately, you neglected to take the added expenses of owning a house into account. Now, renovation, utility, property, and mortgage payments are too much to handle and you do not know what to do.

What can you do?
Real estate agents sometimes advise renters to take the plunge into home ownership, but they rarely mention the additional costs. Furnishings, property taxes, repairs, maintenance and utilities can become quite overwhelming. Luckily it is possible to deal with debts and keep your house. Consumer proposals and bankruptcy are two alternatives that can get you back on your track financially. However, we recommend consulting a bankruptcy trustee before proceeding with either option. To research your options further, click here.

    
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