Consumer Proposal and buying a house.
December 26th, 2005 by Questions
I filed a consumer proposal almost three years ago. The payment portion will be completed in September. I understand that I then have to go through a “3 year clearance period”. Once I get in to this clearance period will my credit rating be improved enough so that I can purchase a house? My wife and I have put away enough money so that we could put down approx 70k. Since my income is quite a bit higher I’d like to make sure I can put my name on the mortgage.
Am I able? or do I have to wait for a complete discharge?
thanks you in advance.