Question: I am looking to surrender my home while starting bankruptcy in Ontario…If I choose to lease to own a home will I be able to get a mortgage in 2 years?
Answer: Whether or not you will qualify for a mortgage after your bankruptcy is over will depend on a number of factors, including your income, and what down payment you have at that time. Your trustee will be able to provide you with the names of mortgage lenders that may be able to help you once your bankruptcy is over.