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

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Mortgage

If I undertook a consumer proposal
I understand my credit rating would be affected
Would it hurt or make me in eligible at mortgage renewal time? Because of the change in rating

Posted from: Ontario

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One Response to “Mortgage”

A licensed trustee said...

Filing a proposal will not stop your mortgageb company from renewing as long as you do not have any payment problems between now and renewal time.

The proposal will make it very unlikely that you can switch mortgage companies, or shop for a better rate.