Mortgage renewals after consumer proposals are pretty straight forward. Usually, your bank will just go along with an automatic renewal as long as your mortgage payments, and consumer proposal payments are up to date. Sometimes banks will deny mortgage renewals if your credit is bad, you are not keeping up with payments.
Foreclosure is not a word that people like to think about. When peoples homes are foreclosed on, it usually means that the owners are experiencing hardship in their lives. Often the case is that one or more people responsible for paying the mortgage became ill or lost their job(s).
Bankruptcy while owning a home can be a tricky matter. Of course, bankruptcy doesn't necessarily mean that you are going to lose your home, but you may have to work out a special situation depending on where you are with paying off the mortgage and the total amount of your debts.
Filing a consumer proposal can be a scary time.A consumer proposal is seen similarly to bankruptcy in the eyes of the banks, however it is much easier to turn your credit around after a consumer proposal is paid off.
If you're in a financial crisis and at risk of having your home foreclosed by your lender, there may be options to help you. A mortgage loan for foreclosure can be your solution to a desperate problem.
Purchasing a home can be a stressful experience. It can be even more nerve-wracking if you've filed for bankruptcy. The good news is that while getting mortgage after bankruptcy can be challenging, it's not impossible.
If you've undergone a consumer proposal, you'll need to satisfy several conditions in order to begin rebuilding your credit and qualify for a new mortgage.
Did you know that you can use a mortgage loan for foreclosure? Facing foreclosure is daunting, but we have a few ways that can help you out.
Facing bankruptcy can be daunting, and working with a mortgage broker can help you attain a mortgage after bankruptcy!
Mortgage renewals after consumer proposals are possible, but what do you need to do before you can obtain one? Here are a few tips for you.