What happens if bank won`t renew my current mortgage while in Consumer Proposal?
August 17th, 2008 by Questions
I keep reading that most lenders will renew a mortgage while in consumer proposal if up to date. Here`s my question…. what if they don`t??? What happens if a lender doesn`t renew? Do they give you time to sell the house? Do they foreclose? It`s very stressful worrying if they will renew or not. I am up to date, but I have about 7 months before my renewal comes up. Should I try to refinance with another lender first?
Posted from: Ontario