April 20th, 2013 by Questions

If I was accepted for a consumer proposal, when it comes time for renewal of my mortgage, how difficult is it to renew? Wouldn’t a financial institution refuse a mortgage based your rating as an R7? Thank you.

Posted from: Ontario


One Response to “question”

, A licensed trustee said:

Unless you have had payment problems with your mortgage, you should not have a problem. To be sure, you should contact your mortgage company BEFORE you file the proposal and ask them what their policy is – better to hear it directly from the mortgage company than from me…

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