Morgage Renewal after filing a Proposal

February 9th, 2009 by Questions

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


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.

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