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Can lenders deny mortgage renewal job loss

 
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Vote:
Asked by
Buford


Hello! Can lenders deny mortgage renewal job loss?
0     In Bank Cont.04

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    Q. How will job loss affect mortgage renewal?


    "No income coming in to pay the mortgage..."



    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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