She says that instead you should call your life insurance company and ask how much it would cost to provide additional life or term life insurance coverage for the full mortgage amount. (moneysense.ca)
If you've been turned down for a second mortgage, or if the lender is requesting the full mortgage amount, then you should try to replace the mortgage with a new one. (mortgagebrokerstore.com)
The value of arrears and fees is typically much lower than the full mortgage amount, and once paid the borrower may resume the mortgage normally. (mortgagebrokerstore.com)