You can apply for a mortgage whenever you want, although it is difficult to qualify for a mortgage while you are in the middle of a consumer proposal. Once your proposal is completed, you can apply for a mortgage, but the lender will probably require a significant down payment, such as a conventional 25% down payment.
The key to rebuilding your credit after a proposal or bankruptcy is to begin saving money, so that you demonstrate that you are credit worthy.
If you're having financial difficulties and live in the Brantford area, call (519) 770-4440 today to meet with one of our experts, or complete the ask a question form to send us a message and we'll get in contact with you.
1 Comments:
At 2:34 PM,
J. Douglas Hoyes, CA, Trustee said…
The key to rebuilding your credit after a proposal or bankruptcy is to begin saving money, so that you demonstrate that you are credit worthy.
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