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Mortgage renewals

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.