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
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April 20, 2013 at 5:03 am, 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…