March 9th, 2012 by Questions
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
March 10, 2012 at 8:14 am, 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.
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