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If I file for Consumer Proposal, what happens when I need to renew my mortgage?

If I file for Consumer Proposal, what happens when I need to renew my mortgage?

You will need to discuss this with your lending institution.

However, if continued to make your mortgage payments and can prove that you will be able to make mortgage payments in the future, you should be able to qualify for a renewal.

 


 

Related articles:

Successfully Filing & Completing Your Consumer Proposal

 

Thanks, Lloyd, for all your help. You have been wonderful! I truly feel more calm and at ease. Thanks again.

Regards,
C.P. (North York)

 


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