July 17th, 2012 by Questions
Im looking to buy a house a first time buyer, is this possible with a consumer proposal
Posted from: Ontario
One Response to “Mortage”
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.
July 17, 2012 at 9:00 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
Yes it is possible, but with a consumer proposal it will be more difficult. The question is if you have consumer debt now, are you in a position where you can qualify for a mortgage. If so you may be better off to qualify first, buy the home and then look into the consumer proposal. However, if you are not in a position where you can qualify currently then you may have to look at solving your consumer debt issues before you are in a position to qualify and the consumer proposal may be the way to do this.