Richards Mortgage Group Articles

Last updated: April 2023 Yes, you can get a mortgage. Your required down payment will depend on where you want to buy, how long since your bankruptcy (or OPD) discharge, and how much you have re-established your credit.

A Short Course on Credit Repair Please note that this is exactly what the title says it is: a short course. It does not cover all aspects of this complex subject not does it cover specific circumstances.

Updated: May 2020 In Canada, getting a mortgage after a multiple bankruptcy can be very difficult, especially when a property was included. The first bankruptcy will disappear from your credit report 6 years after discharge (7 years in ON, QC, NB, NL, PEI). However, if you declare bankruptcy more than once, then each bankruptcy will appear on your credit report for 14 years post-discharge. In most cases multiple bankruptcy is easily apparent to mortgage lenders.