FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

renewing mortgage with consumer proposal

my husband and i are considering a consumer proposal. we have never missed a mortgage payment and our mortgage will be up for renewal march 2013.. we are with a major bak (rbc) is it common for a bank to not renew a mortgage because of a consumer proposal? what are the chances of them not renewing it?

As well – some of the debt we owe is to the same bank as our mortgage.

thanks so very much,

Posted from: Alberta

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “renewing mortgage with consumer proposal”

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

With most major banks a mortgage renewal is all but automatic. They normally don’t require any additional credit checks as they have enough history internally to be able to gauge whether or not you are a risk. This same principle tends to hold true regardless of whether you have filed a bankruptcy or a consumer proposal.