buying a house

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


One Response to “buying a house”

, 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.

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.)