What to do if you have difficulty paying monthly mortgage payments?

You can ask the lender (for example, the bank) to give you payment terms.

It is recommended that you use a means to certify the date of your request to send your request to the applicant. For example, by registered mail with acknowledgement of receipt.

A sample letter is available:

Request payment periods from your bank to repay your loans

You can call on mortgage insurance (borrower insurance).

Your insurance contract may include payment of monthly installments of your credit in certain situations (death, disability, incapacity guarantee or job loss guarantee). If this is the case, you will avoid having to pay penalties for unpaid monthly payments. A mortgage contract typically carries such penalties.

You can ask the court to suspend the repayment of your mortgage, during a grace period up to 2 years, and without any increase or penalty for delay. The court of law can grant you this suspension, especially when you have been dismissed.

To do this, you must enter the protection litigation judge and provide him with documents proving your difficulties (proof of resources, expenses and reimbursements in progress...).

If you can't keep up with your debts, or if you know you can't keep up, you can file a debt distress report.

This is the case, for example, when the court granted you the suspension of your mortgage payments, but this solution did not solve your problems.