Mortgage financing for people with credit issues
Don't let your credit history stand in the way of getting a mortgage.
If your financial situation is "complicated" because of credit issues, there are options available to you. Here's the plan to move forward.
Get started right away
The best place to start is to connect directly. We'll want to assess your credit situation and put a plan together to move forward. Many lenders understand that life happens. You have options.
Get a clear plan
Credit issues usually stem from an unforeseen life circumstance. The goal has to be to fix what's broken while looking for the best mortgage options in the mean time. And then work towards the future!
Find the best solution
When it comes time to arranging your mortgage, while you likely won't qualify for the best terms, there are many lenders who consider clients with credit issues. Let's find the best solution.
Don't let credit issues from the past hold you back. We can help you move forward with confidence.
Here are some great resources that deal with credit issues and mortgage financing.
Alternative Lending Provides You With Options
Securing the most favourable mortgage terms depends on your financial situation. If your finances aren’t all that straightforward, learn more about how alternative lending might make sense for you.
Getting a Mortgage After Bankruptcy
After a bankruptcy or consumer proposal, the key to financial success is getting your finances under control as quickly as possible. You must demonstrate to the potential lenders that what happened in the past won’t happen again in the future. You do this by establishing a new credit history.
Improving Your Credit Score
If you’re looking to improve your credit score, ensuring you make all your payments on time is crucial. Learn more about how to improve your credit score.
Will Collections Impact Your Mortgage?
If you’re delinquent on paying a debt and the lender has sent that account to collections, this will undoubtedly impact your ability to get new mortgage financing. Learn more about collections and mortgage financing here.
Credit and Mortgage Financing
Credit is the ability of a customer to obtain goods or services before payment, based on the trust that you will make payments in the future. When you borrow money to buy a property, you’ll be required to prove that you have a good history of managing your credit.
How to Handle Missed Payments
If you’ve missed a payment on your credit card or line of credit and you’re wondering how to handle things and if this will impact your creditworthiness down the road, here’s the plan for you to follow.
How to Establish New Credit
A secured credit card is a great way to establish credit when you have don’t have the borrowing history to get credit from a bank. Learn more about establishing credit here.
Protect Your Credit Through a Divorce
Did you know that even if your ex is responsible for the payments of a debt, if your name is on the account, if the account falls into arrears it could negatively impact your credit score. Learn more about how to protect yourself through a divorce of separation.
