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Can a lein affect mortgage renewal

 
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anonymous


Hi! Can a lein affect mortgage renewal? Thanks.
0     In Mortgage Cont.03

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    Q. How will job loss affect mortgage renewal?


    ON Canada - some banks would consider this as a temporary issue and may renew on a shorter term but higher interest. Other banks may not renew you as there is no income coming in to pay the mortgage. If you are in ON Canada, email me and maybe I can help you.

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    Q. Can poor score affect renewal of mortgage?


    ON Canada, It may affect your rates when you renew. The bank would consider all aspects of your condition prior to renewing. If you did not miss any payments or did not have issues, you will get a renewal. Your rate may be higher than best rates though. Please contact me if you are in ON Canada and maybe I can help.

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