Refinancing to Pay for CRA Taxes
Vancouver Islands Best Choice for Brilliant Mortgage Solutions
Having trouble paying your CRA Taxes? We can help.
We can use the equity in your home to help pay this off
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We have helped many people across Nanaimo and Vancouver Island refinance their homes to help pay CRA - Government of Canada Taxes.
In the modern landscape of financial management, navigating the complexities of credit and debt is a common challenge for many. It's not uncommon for individuals to find themselves in a situation where unpaid taxes accumulate, potentially leading to significant financial strain. This strain can escalate to the point where homeowners face the distressing possibility of losing their homes to the Canada Revenue Agency. However, it's important to recognize that the very asset you fear losing may hold the key to regaining your financial stability.
**Leverage Your Home Equity to Regain Financial Balance**
Shifting unsecured debts, such as those from credit cards, to a secured form of debt, like a mortgage, might seem like it poses a risk to your home ownership. However, when facing the pressure of unpaid taxes and the associated risks from the CRA, strategically utilizing your home's equity might actually safeguard your home. This approach is viable even for homeowners who are currently facing a lien against their property; refinancing could enable you to settle your outstanding debts, leading to the removal of the lien by the CRA.
**Unlocking Your Home's Potential**
Through refinancing, you will collaborate with our Vancouver Island Mortgage Team and we will guide you through the process, ensuring that this financial strategy aligns with your personal circumstances and financial capabilities. The amount available for refinancing is determined by your home's equity, with the potential to access up to 80% of your home's value. This refinancing must cover both your existing mortgage and any amounts owed to the CRA. Our goal is to empower you with the information and support needed to make informed decisions, potentially turning a challenging situation into an opportunity for financial recovery and stability.
Contact us to see what options you have and how we can help you get the financing you deserve.
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