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Mortgage Renewal and Debt Management Program

Our mortgage is up for renewal in march 2010 but we are in debt management program until June 2010. Are you going to have a hard time renewing if all our payments are up to date with out mortgage and also with other creditors i.e. car payments, etc.?

Posted from: Ontario

One Response to “Mortgage Renewal and Debt Management Program”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

Often a mortgage renewal is easier than obtaining a new mortgage, so likly you won’t have any major issues. However, if you try to shop the mortgage around to different institutions you may find it more difficult to obtain these new mortgages as they will have to rely more on your credit history report and less on the relationship they have with you over the duration of your last term.