Getting Mortgage during consumer proposal term
January 7th, 2013 by Questions
I am looking at possible consumer proposal but have concerns as my mortgage comes due in 20 months . What will the effect be
Posted from: Ontario
One Response to “Getting Mortgage during consumer proposal term”
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January 07, 2013 at 9:58 pm, A licensed trustee said:
Unless you have had (or have) problems with your mortgage then filing a proposal should not affect your ability to renew your existing mortgage. If you want to be able to witch to a new mortgage company then filing a consumer proposal will definitely cause you problems.
Talk to your mortgage lender BEFORE you file to make certain you’ll be ok.