Bankruptcies/Consumer Proposals

After declaring bankruptcy, the credit bureau is notified by the Office of the Superintendent of Bankruptcy and this information is stored on your record for 6-7 years. That being said, it is harder for those who have declared bankruptcy or who have filed for a consumer proposal to purchase a home or refinance their existing mortgage. However, our mortgage experts will help you re-establish credit by working with you to consolidate your debt and to obtain a secured credit card.

Mortgage financing options can only be considered 12 to 18 months after being discharged with at least one year of good re-established credit. Although it is more difficult, it is still possible for you to obtain a mortgage. Call one of our mortgage professionals for a free consultation to learn about all of your financial options.