Free Consultation

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

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.