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Morgage Renewal after filing a Proposal

I filed a consumer proposal 18mths ago, and my morgage on my house comes up for renewal in a few months (I have never missed a payment), how will the proposal affect my morgage renewal?? Can I lose my house??

Posted from: Ontario

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One Response to “Morgage Renewal after filing a Proposal”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

A mortgage renewal is usually pretty simple as the finance company will typically rely less on your credit history and more on their history with you. So likely the proposal won’t have a significant impact.