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”
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.)
You must be logged in to post a comment.
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.