September 25th, 2012 by Questions
after filling a consummer proposal and you happen to gey a lump some of money inherrit, divorce can you pay the rest off and buy a house
Posted from: Ontario
September 25, 2012 at 9:39 pm, A licensed trustee said:
Consumer proposals are completely “open” – you may pay them off at any time.
If you have the ability to do so, you may buy a house even while you are in a proposal so you may certainly buy one after you have paid in full. I shoudl warn you that it will be difficult to qualify for a mortgage in the first two years after you complete your proposal – it’s not a law, just what happens in the real world.
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