Timing: Buying a house and consumer proposal
June 6th, 2009 by Questions
I am thinking of filing a consumer proposal, but I am unsure of the timing. I will be moving to the U.S. for school this fall, and a family member offered to loan me money for a downpayment on a cheap house there, which I will pay back when I sell the house down the road. I have about 30,000 of debt and will be filing a consumer proposal soon. My question is: should I file before I apply for a mortage (I will have a cosigner with a large amount of true equity but still wonder if I will qualify for a mortgage under my name with an R7 on my rating), or after I do?
Posted from: Ontario