{"id":14976,"date":"2020-08-21T14:19:09","date_gmt":"2020-08-21T18:19:09","guid":{"rendered":"https:\/\/www.zolo.ca\/blog\/?p=14976"},"modified":"2021-02-16T18:08:41","modified_gmt":"2021-02-16T23:08:41","slug":"mortgage-default-guide","status":"publish","type":"post","link":"https:\/\/www.zolo.ca\/blog\/mortgage-default-guide","title":{"rendered":"Mortgage Default Guide"},"content":{"rendered":"\n\n\t<section class=\"zolo-block-series border-blacklight \">\n\t\t\t\t\t\t<article id=\"post-13268\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/mortgage-approval\">How to Get Approved For a Mortgage<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Your offer was accepted &#8211; great! Take these 5 steps to get your mortgage approved and funded<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/mortgage-approval\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13272\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/how-do-mortgage-payments-work\">How Does a Mortgage Work?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Terms? Interest rates? Payments? Here&#8217;s exactly how a mortgage works<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/how-do-mortgage-payments-work\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13274\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/history-of-canadian-mortgage\">A Guide to Canada Mortgage Rates History<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">From the 1970s to today, mortgage rates have gone through many changes<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/history-of-canadian-mortgage\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13269\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/how-much-mortgage-can-you-afford\">How Much Mortgage Can I Afford? Is 30% of My Income Realistic?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Learn to calculate how much you should spend on your mortgage, and why 30% may not be realistic.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/how-much-mortgage-can-you-afford\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13265\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/?p=13265\">How to Negotiate Your Mortgage<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Negotiating a great rate and the best conditions on your mortgage is kind of like asking your boss for a raise \u2013 you need to do a bit of prep work before the&#8230;<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/?p=13265\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13256\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/mortgage-renewal\">How to Complete Your Mortgage Renewal<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Here\u2019s what to expect when completing your mortgage renewal, including how and when to renew your mortgage<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/mortgage-renewal\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13095\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/mortgage-default\">What Happens If I Default on My Mortgage?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">If you miss your mortgage payments, you could be at risk of defaulting on your mortgage<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/mortgage-default\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13179\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/?p=13179\">Is It Time to Renegotiate a Mortgage?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Low mortgage rates in Canada is prompting the question on whether or not you should renegotiate your mortgage. Whether it&#8217;s to get access to your home&#8217;s&#8230;<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/?p=13179\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t<\/section>\n\t\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn all about home mortgages \u2013\u00a0how to get approved, how much mortgage you can afford, and what happens when you can&#8217;t make mortgage payments. <\/p>\n","protected":false},"author":22,"featured_media":17434,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"guides.php","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"guide":[15093],"class_list":["post-14976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","guide-mortgage-default-guide"],"acf":[],"zolo_excerpt":"","_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/14976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/comments?post=14976"}],"version-history":[{"count":3,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/14976\/revisions"}],"predecessor-version":[{"id":15267,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/14976\/revisions\/15267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media\/17434"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=14976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/categories?post=14976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/tags?post=14976"},{"taxonomy":"guide","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/guide?post=14976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}