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mortgage and proposals

We filed a consumer proposal over one year ago.We have just under 2 years left to pay. Our situation has much improved since filing and I was wondering if a person can get a mortgage for a house while still under a proposal….say from a private lender?

One Response to “mortgage and proposals”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

While I have seen this done on a few occasions, there are a number of factors that impact this lending decisions and I suggest contacting a mortgage broker as they will often have access to a number of different lenders (both traditional and non-traditional), but it is also a good idea to check with the bank you currently deal with as often the bank just in case.