Mortgage Debt Relief
You’re not alone, and you’re not out of options.
For many Canadians today, mortgage payments have become an overwhelming weight. Between rising interest rates, job instability, and day-to-day expenses, keeping up can feel impossible. If you’re behind on payments or worried you’re on the verge of falling behind, Spergel is here to help. We offer personalized mortgage debt relief programs designed to support your unique needs with one goal: keeping you in your home and helping you breathe easier.
Signs You Might Need Mortgage Debt Relief
It can be hard to tell when it’s time to ask for help. But these signs may mean it’s time to explore mortgage debt relief options with a trusted expert:
- It can be hard to tell when it’s time to ask for help. But these signs may mean it’s time to explore mortgage debt relief options with a trusted expert:
- Missed or late mortgage payments — which may impact your credit score and lead to foreclosure or power of sale
- Reduced income or job loss, making it harder to meet monthly payments
- High debt-to-income ratio, putting ongoing financial strain on your household
- Rising interest rates, pushing your payments higher than expected
- No emergency savings to fall back on for support
- Threat of foreclosure or lender notices — which require immediate attention
Choose How You Connect With Us
We’ll work with you in the way that feels best to you.
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Book a Specific Date/Time
Call Us During Business Hours
When you call, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Toll Free: 1-877-557-7367
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
You can also reach us at one of our office locations phone numbers. See our list below on this page.
Mobile Text Us During Business Hours
From your phone, you will be connected with one of our Licensed Insolvency Trustees (LITs) during our regular business hours.
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
Not during office hours? Use our Chat on this page 24/7 and get connected for answers and live chat later.
Email Us
Sometimes a simple email is the way to get things rolling.
Expect a reply from us during our business hours:
Monday to Friday 8am – 7pm EST
Saturday 9am – 4pm EST
Sunday 10am – 5pm EST
Click the button below to reach or use our email address:
hello@spergel.ca
How Much Could You Save?
Use our Debt Calculator to see how much debt relief you could get through a consumer proposal — it could reduce your debt by up to 80%.
debt help options
How Spergel Helps With Mortgage Debt Relief
There’s no one-size-fits-all solution, but these are some of the debt relief mortgage options we help Canadians explore every day:
Government Assistance Programs
There are federal and provincial programs that support struggling homeowners. We’ll help you understand what you qualify for and guide you through the process.
Details
These programs may include temporary payment support, interest relief, or emergency housing grants, depending on your financial situation and location.
Mortgage Modification
Lenders may agree to adjust your terms — such as lowering your interest rate or extending your amortization — making your payments more manageable.
Details
A successful modification can reduce your monthly payments and help you avoid falling further behind on your mortgage.
Mortgage Payment Deferral
Some lenders allow short-term pauses on your mortgage payments. While this doesn’t erase your debt, it can give you breathing room in a crisis.
Details
Interest will continue to accrue during the deferral period, so it’s important to plan for how payments will resume afterward.
Consumer Proposal
A consumer proposal is a legal agreement that reduces unsecured debts by up to 80% — including credit card or personal loan debt — while protecting your home. It’s one of the most effective mortgage debt relief programs if your home is at risk due to other unmanageable debts.
Details
By reducing your overall debt load, more of your income can be dedicated to staying current on your mortgage.
Debt Consolidation
Combine multiple debts (like credit card balances or high-interest loans) into a single, more manageable monthly payment. If you qualify, this can ease your total debt burden and help protect your mortgage.
Details
You may be able to use a home equity loan or line of credit (HELOC) to access a lower interest rate and simplify your repayment schedule.
Personal Bankruptcy
For those with serious financial hardship, bankruptcy may be the reset button needed. It clears unsecured debts and can give you space to focus on staying in your home.
Details
Many people are still able to keep their home during bankruptcy, especially if they can maintain their mortgage payments and meet provincial exemption limits.
Let’s Talk About What’s Right for You
Every situation is different. That’s why we offer a no-obligation, free consultation. We’ll review your finances and explain the best mortgage debt relief options available to you — with no judgment, just guidance.
We Can Help You Protect Your Home
If your mortgage payments feel unmanageable, you’re not alone, and you’re not out of options. Talk to a Spergel Licensed Insolvency Trustee today to explore real, personalized mortgage debt relief solutions.
What Real People Are Saying
Read honest feedback from Canadians we’ve helped find relief, peace of mind, and a fresh financial start.
where to start
What’s the First Step for Mortgage Debt Relief?
Speak with a Licensed Insolvency Trustee (LIT)!
They are the only professionals in Canada legally authorized to file consumer proposals and bankruptcies, as well as administer all other types of debt solutions. Our LITs at Spergel have helped more than 100,000 Canadians get relief from overwhelming debt. We’ll walk you through every step, so you never feel alone in the process.
Everyone’s Situation is Different. Let’s Talk About You.
Book a free call today, and let’s make a plan together.
General faq
Answers to Common Questions About Getting Help for Mortgage Debt
Can I include my mortgage in a debt relief plan?
While secured debts like a mortgage can’t be discharged in a consumer proposal or bankruptcy, reducing your other unsecured debts can free up money to make your mortgage more manageable.
Can I get mortgage debt relief without losing my home?
Yes. Many Canadians are able to reduce or restructure their debt, including unsecured debts like credit cards or loans, while keeping their home. Programs like consumer proposals allow you to consolidate and lower your payments without giving up your property. At Spergel, we’ll help you explore every option to protect what matters most.
What if I’ve already fallen behind on my mortgage payments?
You’re not alone, and there’s still time to get support. Even if you’ve missed payments or received notices from your lender, we can step in to help. Our Licensed Insolvency Trustees will walk you through debt relief strategies that can prevent foreclosure and give you room to recover financially.
Is mortgage debt relief available if I have equity in my home?
Yes, having equity doesn’t disqualify you from receiving debt relief. In fact, equity can sometimes be used as part of a larger solution, like a debt consolidation plan or refinancing. But even if that’s not the right route, our Licensed Insolvency Trustees will help you explore other ways to protect your home and reduce your overall debt burden.
What’s the difference between foreclosure and power of sale?
Both are ways lenders reclaim property, but the process depends on your province. Either way, quick action is key to avoiding either outcome.
Real Canadians. Real Success — Like Sarah
“In just three months, tracking my spending became a game-changer. I thought I was budgeting well, but the reality was eye-opening. Spergel helped me realize that the ‘small’ purchases were adding up. Thanks to their guidance, I saved $600 in just two months!”
– Sarah, Ontario
Sarah’s Story is just one of many
Sarah’s journey from budgeting confidence to financial awareness showcases the power of detailed spending tracking. Discover more Success Stories of Canadians we’ve helped, or reach out to us so we can help you.
Worried About Your Mortgage?
Let’s talk about real mortgage debt relief solutions to help you stay in your home and get back on track.
Let’s Connect The Way That Works for You
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Getting Help Is Closer Than You Think
With over 40 locations across Canada, including Ontario, we make it easy to access mortgage debt relief wherever you are.