How Do I Get a Mortgage After A Consumer Proposal?
Making the decision to move forward with a consumer proposal is the first step in your path to financial freedom. The good news is there is life after a consumer proposal. You are going to have to fully perform your Consumer Proposal before you can qualify for a regular mortgage. In other words, most banks will need the consumer proposal to be paid in full before they can approve you for a mortgage. We recommend that you work hard on reestablishing your credit immediately after the completion of your consumer proposal. This will help your chances of getting a mortgage by proving to lenders that you reliable.
MORE QUESTIONSDo I qualify for bankruptcy? How long will I be bankrupt? How much will it cost? How will my credit rating be affected? If I declare bankruptcy, will I lose everything? Should I declare bankruptcy? Will I still be responsible for some debts after filing for bankruptcy? Does Filing for Bankruptcy in Canada Affect My Spouse? What is a bankruptcy discharge and the process involved? What is the OSB and what are their responsibilities? If I file a proposal or declare bankruptcy, what happens to my credit rating? What happens if my creditors vote against accepting my consumer proposal? Can I leave some creditors out of my consumer proposal? Can a student with a government student loan go through bankruptcy or get a consumer proposal? Will filing for bankruptcy cancel or reduce my child support payments?