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Consumer Proposals & Mortgages
_buy a home completed consumer proposal 700450X THUMBNAIL
Once a consumer proposal is paid in full, many Canadians turn their attention to buying or refinancing their home. What is the recommended waiting time after completion before purchasing a house or condo?
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_completed consumer proposal 700450X THUMBNAIL (3)
A horrible credit score after finishing a consumer proposal isn't necessarily your fault. Many who've completed a consumer proposal are surprised to learn that numerous mistakes on their credit report are doing serious harm to their credit score.
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Renew Mortgage
A reader asks whether COVID-19 has affected her ability to renew a mortgage while still in a consumer proposal, and whether it's possible to refinance, pay off the remainder of the consumer proposal and establish a secured line of credit.
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Rebuilding Credit After a Consumer Proposal or Bankrupcy
Published: • There is no question after you file a consumer proposal or personal bankruptcy, your credit score is going to take a beating. Credit scores range from as low as 300 to 900, with most Canadians in the 600’s and 700’s. After you file a consumer proposal, expect your score to drop into the...
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consumer proposal 700450X THUMBNAIL
Consumer proposals are an important part of the Canadian insolvency process, and are the main alternative to filing for bankruptcy. We answer 5 of the most common questions about consumer proposals.
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getting a mortgage after a consumer proposal
Published:   •  Is It Possible To Get a Mortgage After a Consumer Proposal? Yes, But … Suppose you were in a consumer proposal and it’s now completely paid off. You have received your completion certificate from the trustee and now you want to buy a house, or perhaps refinance your current home. Will you...
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Buying a home after a consumer proposal is a real possibility, but you must prepare for the credit history challenge. 3 scenarios for buying a home after a consumer proposal are discussed.
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buy home post consumer 700450X THUMBNAIL (1)
Should you pay off your consumer proposal early? Before you filed your consumer proposal, your debts were out of control. Your consumer proposal gave you relief from your creditors, collectors and perhaps even garnishments. It was a very responsible way to deal with your debts. Creditors appreciate that. Once a new reality sets in and...
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