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Will property lien affect renewal of mortgage

 
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Asked by

Vaughn


Will property lien affect renewal of mortgage?
0     In Mortgage Cont.12

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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.

    This answer closely relates to:
    • Mortgage renewal canada with lein
      • When banks don t renew mortgage?
      • How long before mortgage term is up can you renew canada?

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    Q. Can poor score affect renewal of mortgage?


    "It may affect your rates when you renew..."



    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.

    This answer closely relates to:
    • Property lien affect credit
      • How will the bank of canada moratorium lift affect the interest rates in july?
      • Does a lien affect renewing your mortgage with td bank?

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    Can you help us by answering one of these related questions?
    1. When an mortgage company knows that their was work done on property are they required to get an mechanics lien release?
    2. I am living in canada and have applied for a step up mortgage and a line of credit is it necessary for the bank to put a lien against my property?
    3. If my ex quick claims his 50 of the property to me can people that he owes money to put a lien on the property?
    4. Can i put a lien on real estate property in maine for repair work done on home i live in nh lien is for work done 5 years ago no repayment has b?
    5. How do i put a lien on a property where i once lived and there is property in the house that belongs to me?
    6. Does a lien on a car affect your credit in ontario?
    7. Can bankruptcy affect you house if it has a lien on it in canada?
    8. Does a builder s lien affect my house alberta?
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    10. How does a mechanic s lien affect my home ohio?

    We need your help! Please help us improve our content by removing questions that are essentially the same and merging them into this question. Please tell us which questions below are the same as this one:

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