Bad credit mortgages
In Canada, we are the broker of choice for bad credit mortgages. Do you have bad credit? Have you been declined by your bank? We offer sensible solutions to meet your needs.
Providing bad credit mortgages since 2003
We have approved countless borrowers with poor credit. You too are able to qualify for a bad credit mortgage in Canada. Yes, if your credit score is below 650 we place your home loan with an alternative B lender. Institutional B lenders have more flexible approval guidelines. They accept many types of derogatory impediments. They also accept much higher TDS per cent than A side lenders. If you have a low credit score it is because your credit repayment history is not good. You May have had a bankruptcy or filed for a consumer proposal within the last few years. These not so good situations should not prevent you from getting approved. Work with a reputable, experienced broker. They will determine your qualification based on many factors. These include, down payment, location of the property, and your credit profile. A bad credit mortgage is possible and you should not let your hopes down. Bad credit happens to many people because of life circumstances.
Browse our site and familiarize with our products and services. Please contact us if you don’t find what you are looking for. In fact, you may request a free NO Obligation consultation.
Getting approved despite your credit
If your credit score is below 650 or you have great credit but your bank declined you, contact us. As a broker specializing in alternative mortgages, we will present you with two alternative lending options to meet your needs. This way you can choose informatively the best option for you.
Bad credit mortgage Canada Lending Locations
Get Approved – pre qualifiers
What would you like to do?
““Aldo was an absolute gift sent to us by God. We thank God for sending us the right person at the right time. Since we have tried almost a year with different banks, and brokers to get us a 1st home loan to cover our all our debts. But every time we always get disappointment answers from the bank and Lenders. …. He is a person who cares for you with all his heart and he never stops until he finds an answer for you. Because of your endless efforts, we actually have a future and new beginning again in our life again. Thank you very much for your caring and support during the entire time…….**** Jeya & Thasan” “
– replaced an 8% first and 12% 2nd and provided 30 k for home renovations.
“Your attention to the details of this home loan has been superior. I would like to say thank you from the bottom of my heart. This has been so stressful for me from the beginning and now we are close to a resolution. This note is to show respect and voice our appreciation.” This has put my heart at rest. Thank you. Tracy and Arthur
Thank you for helping in restoring my mortgage. You found a way to pay off the arrears, pay property taxes, and provide extra funds. I enjoyed working with you, and your service is impeccable and professional. Because of this, certainly I do not hesitate to refer friends and family to you. Rebecca
– replaced an 8% first and 12% 2nd and provided 30k for home renovations.
FAQs – Mortgage News and Updates
Who can use this site?
This site services borrowers that do not meet mainstream borrowing. We provide you with a new 1st mortgage or a 2nd equity take out mortgage despite your bad credit.
Who are your lenders?
Our lenders are mainstream A lenders with broker discounted mortgage rates. Our B lenders focus on proving home loans for borrowers with bad credit. Finally, our private funding sources help in situations that do not qualify on A or B lending.
New Stress Test effective
What if my credit is bad? Do not worry, we have alternative lending »
More information on our solutions? Call us today 1-877 237-2601 or fill out our online contact form.
How much down payment do I need? Read about our down payment requirement.
Alternative Lending – Borrow up to 80% of the value of your home depending on location. Now is the time to take advantage of lower rates. Rates starting at 2.74%.
What are Alternative lenders?
Alternative lenders are lending institutions that lend based on more flexible acceptable criteria than conventional bank lenders. Some may include private lenders in the Alternative category. We prefer not to because institutional B lenders are regulated; private alternative lenders are not.