Quote:
Originally Posted by RevYouUp
I know someone that missed 7/12 payments in 2024. Their renewal is coming up at the end of the year. I wonder if they’ll get rejected even though I heard renewals are pretty straight forward.
He’d be screwed since he’s currently working cash jobs trying to get by. I don’t know why he’s not selling lol. Got gifted a down payment from his parents and he still manages to fuck it up
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I believe Canadian laws don't allow the banks to not renew you, but the terms are going to be bad for that person. And they'll be in no position to negotiate.