1st Mortgage

If I do a consumer proposal will my mortgage company still be open to doing a re-finance for me in order to get a better interest rate and lower my monthly mortgage payments?

Posted from: Ontario

One Response to “1st Mortgage”

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

This is something you would need to discuss with your mortgage company. Typically when you are trying to renew with the same institution is is much easier, but when you try to shop your mortgage to other lenders it can be more difficult as they will pull a copy of your credit history, find out about the consumer proposal and this may cause some difficulties in the process.