Home Equity & Consumer Proposal
April 15th, 2008 by Questions
We have approx 40,000 equity in our home. Would you expect the creditors to agreeto the proposal with this amount of equity? The majority of our debt is unsecured credit cards through the same lender as is our mortgage. If they did agree to the proposal, would they even consider renewing the mortgage when it was time to renew it in approx 2 years? or would we have to try and find another lender at that time?
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