As you told that you have sufficient income so you are able to pay your all mortgage so I think you must talk to mortgage agencies and consult them about paying the mortgage.

Part of the shopping around process is learning about mortgages.. so often we visit new vendors who give us new information.. by the time you have visited 5 mortgage brokers you've learned a great deal about mortgages, the different parts, and what people offer...

It's almost a good idea to start the process over and visit each of these mortgage brokers after you have finished your learning curve... this way you can ask them the widest array of questions...

I would simply ask the first mortgage broker, "what are the questions I need to know about mortgages?" keep asking this question to the other mortgage brokers until you have a the fundamental questions answered.

there are alot of good mortgage brokers in canada

Most banks will send out an automatic renewal, if payments have been made in a timely fashion. If you are just looking for a renewal, without an increase, there is usually no need to re-qualify.

I am a Realtor in SW ON. I see this a lot. Your income is great. Take the advice & speak with a debt company & an independent AMP Mortgage Broker , NOW!

The Lender does not want your house. I have worked in a few cases with the lawyers for the banks & the Lenders direct to help couples keep their homes. Get started now. You have to live somewhere & renting is brutal. Good Luck, it will work out.

You might want to talk to some credit proposal companies.

My suggestion to you is to seek out the services of a Mortgage Broker,
preferably one with an AMP ( Accredited Mortgage Professional ) designation. They are very qualified to discuss your situation. If you choose a Mortgage Broker and you are not comfortable with him/her, don't hesitate to choose another person. Now is the time to begin your discussions, not 6 months from now when you have to renew your mortgage.

Hello. Our mortgage is coming up for renewal with CIBC in about 6 months. What I am afraid of is not being able to renew. My wife and I are both working full time. We currently make approx $112,000 between the two of us per year. When the time come up for renewal our monthly expenses (credit cards/line of credit/car leases/condo fees/heating) will be at approx $2600 per month. Our gross income per month is $9300. The mortgage amount will be for $228,000. The total outstanding credit card/line or credit debt will be at about $95K. We are able to make our payments just fine right now and the bills are coming down every month. Do you see an issue with the renewal?? Here is another wrinkle. Living outside Vancouver, our real estate is starting to stink. We paid $268,000 3 years ago and come renewal our value will probably only be about $245,000. Please let me know. Thank you.