- Pre-approval in as little as 24 hours
- Credit scores 650 and below welcome
- Licensed Ontario mortgage brokers — FSN #13301
- No hidden fees — straightforward advice you can trust
Barrie
Allandale
Queen’s Park
N3
Ontario
Marko Bodiroga
Stop Power of Sale & Mortgage Arrears
A power of sale or foreclosure process begins when homeowners fall behind on mortgage payments, putting their property at risk. This service is designed to prevent foreclosure by acting quickly to bring the mortgage into good standing. Solutions can include refinancing the mortgage, obtaining a second mortgage or arranging private lending to catch up on arrears.
Lighthouse Lending assesses the client’s arrears, equity and credit situation and recommends the best financing option to halt the power‑of‑sale proceedings. Once the home is secure, we develop a longer‑term financial plan to address debts and rebuild credit. Our approach combines urgency with empathy, ensuring homeowners retain their property while transitioning toward financial stability.
Stop Power of Sale & Mortgage Arrears
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We move quickly so you don't lose momentum on your financial goals.
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Credit challenges don't disqualify you. We've seen every situation and helped through it.
Our volume gives us access to preferred rates banks simply can't match.
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While requirements vary by loan type, we work with buyers with scores as low as 580 for FHA loans. Conventional loans typically require 620+.
In Ontario, the minimum down payment is 5% for homes up to $500,000, 5% on the first $500,000 and 10% on the portion above that up to $1.5 million, and 20% for homes over $1.5 million, with mortgage insurance required if you put down less than 20%.
Mortgage rates change frequently based on market conditions, but in Canada, most borrowers are currently seeing approximately 3.8%–5.5% for fixed rates and around 3.3%–4.5% for variable rates, depending on the lender, term, and your financial profile.
The mortgage process typically takes 1 to 4 weeks, depending on factors like document submission, lender approval times, and the complexity of your application.
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