CONSUMER PROPOSAL AND MORTGAGES
October 22nd, 2008 by Questions
Will I have a problem renewing my mortgage while I am in my consumer proposal? I just started my cp and my first mortgage renewal is not up for 3 more years and my second is up for renewal in 2 years.
Also because I had an unsecured loan with my mortgage company , will I have any problems with my mortgage because of the loan?
Posted from: Ontario
One Response to “CONSUMER PROPOSAL AND MORTGAGES”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
October 23, 2008 at 7:20 am, A licensed trustee said:
I have to tell you that these are questions you should have asked BEFORE you filed your proposal.
Regardless, if you maintain your payments you won’t have any problem renewing – it is illiegal to refuse to renew your contracts simply because you filed a proposal. Just keep everything current and you should be fine…