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
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.
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