Bankruptcy / Broker vs. Bank / Credit / Debts / Downpayment / First Time Home Buyer / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Bad credit? You can still get a mortgage!

Your Credit Report is one of the most relevant items a financial institution will use to determine the risk level of lending you money. Your Credit Report indicates to lenders how well you have paid your creditors in the past and they will use this information to determine the likelihood of any default in your … Continue reading

Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / Income / Lenders / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Why a Private Mortgage?

I will be honest…..A private mortgage is one of the last solutions for mortgage financing. We always try to explore all the borrowers’ options before we turn to a private lender as a private mortgage will come with a higher interest rate than conventional mortgages and an upfront fee will also be is charged. A … Continue reading

Credit / Downpayment / Market Updates / Qualifying / Rates & Terms

NO Downpayment Mortgages

  100% financing, no down-payment mortgage, cash-back product, whatever you want to call it, it’s pretty much the same thing; getting a mortgage with no downpayment. Here are some things you should know if you are thinking of buying a home with a no downpayment mortgage. Higher Interest Rates Because they’re lending you basically 100% … Continue reading

Bankruptcy / Credit / Debts / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance

Rebuilding your credit after a bankruptcy or consumer proposal

Let me start by saying, bad things happen to good people. The reasons for a Bankruptcy or Consumer Proposal are not important at this time. It already happened and now it is time to move on and rebuild. We want to help. A bankruptcy will show up on your credit bureau for 6 years after … Continue reading