Mortgage renewals

February 21st, 2012 by Questions

If I file a consumer proposal, what happens when my mortgage comes up for renewal?

Posted from: Alberta


One Response to “Mortgage renewals”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Usually a mortgage renewal after the filing of a consumer proposal isn’t a problem. This is because this renewal is typically just a rubber stamp. There is no additional credit check done as the bank has already gone through that and happy with the existing arrangement.

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