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

Questions

One Response to “Mortgage renewals”


February 21, 2012 at 2:04 pm, 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.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)