Question: If I have an orderly payment of debts that I have been paying as agreed for 3 years. Would I be able to buy a home?
Answer: The fact that you are currently enrolled in a OPD program will in all likelihood reduce your chances of getting a mortgage. In order to get credit you have to meet certain criteria such as; stable empolyment, stable residency, money left over after you pay your bills, a demonstrated ablility to save or make a regular payment, few debts and good payment stats i.e. no NSF’s, late or missed payments etc. etc.
The OPD situation is only one factor in many. Work on the other crteria and the OPD will have less impact. Completion of the OPD program will show you can make a regular payment and once it is over you can put that money toward savings. It should be easier once you have the OPD behind you.
