Porting a Mortgage during Consumer Proposal
May 23rd, 2009 by Questions
What is the chance of my lender (FirstLine) allowing me to port my mortgage while under Consumer Proposal? I`ve recently had my mortgage renewed and am 1 year into a 4 year proposal. The property would be a little less than my current property and I would have enough from the sale to pay off the Consumer Proposal. Should I ask them or will it bring up a `red flag`? Thanks.
Posted from: Ontario
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