Comments on: Mortgage after a consumer proposal http://www.bankruptcy-brantford.com/uncategorized/2006/11/mortgage-after-a-consumer-proposal.html Just another WordPress weblog Sun, 22 Jan 2012 02:55:47 +0000 hourly 1 By: J. Douglas Hoyes, CA, Trustee http://www.bankruptcy-brantford.com/uncategorized/2006/11/mortgage-after-a-consumer-proposal.html/comment-page-1#comment-2 J. Douglas Hoyes, CA, Trustee Sat, 02 Dec 2006 19:34:13 +0000 http://www.bankruptcy-brantford.com/?p=23#comment-2 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 <a HREF="http://www.bankruptcy-brantford.com/proposals.htm" REL="nofollow" rel="nofollow">consumer proposal</a>. 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.<br/><br/>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. 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.

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