I assume that mortgage lenders can no longer see my aunt's bankruptcy (that my aunt's credit reports do not show) because it is past 7 years.

Now responsibly using 2 Credit Cards, my aunt accepts that mortgage lenders prefer at least 2 years of clean credit and 2 Lines of Credit. My aunt is renting and must move, but prefers and can now afford a mortgage.

Even if the Consumer Proposal can be seen by mortgage lenders until Jan. 2018, should my aunt try: to apply for (1) an affordable mortgage now and (2) to seek an interest rate < 4%?

Or is (1), (2) so unlikely for her that she should not even try? If so, she will find somewhere to rent and forget about a mortgage until Jan. 2017. Thank you.

  • Get screwed on housing price later, or get screwed on interest rate now, decisions decisions
    – CQM
    Jun 17 '16 at 7:29
  • @CQM 'Get screwed on housing price later' : What do you mean? That house prices will continue to rise in Canada?
    – user44214
    Jun 17 '16 at 13:59
  • Yes that's what I was referring to
    – CQM
    Jun 18 '16 at 14:13

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