Purchasing a home after Bankruptcy

Popular Posts

Ontario Statute of Limitations (16,984)
Revenue Canada (5,102)
Statute of Limitations on Credit Card Debt (4,932)
consumer proposal and mortgage (3,486)
Collection Agency indicated they are going to proceed (2,430)

Question: Question is do I have to wait until actual discharge to be able to apply for a mortgage?

We will be released in May 2009 but not discharged until Apirl 2010, can we apply for a mortgage now? To purchase a home prior to discharge? Like soon????

Answer: In today’s economy it is almost impossible to qualify for a mortgage while you are an undischarged bankrupt. It may only be possible if you have a co-signer. You should consult your bank or a mortgage broker for more information, and to determine what you need to do to qualify for a mortgage after bankruptcy.

This entry was posted on Friday, April 3rd, 2009 at 9:37 am and is filed under Bankruptcy, Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.