How To Get A Mortgage With Bad Credit
Many Canadians encounter credit issues when life’s hurdles get in the way, whether it’s an illness, a job loss, a global pandemic, or just a lack of credit. It can take some time to get back on track, which could mean putting off the purchase of a home.
Waiting may not work for some, though, who—other than poor credit—may have all their ducks in a row and are ready to take the homeownership plunge.
There are certain things you can do to improve your credit, but it takes time for them to take effect. Depending on your situation, you may or may not want to wait until your credit improves before buying a house. We can help you get approved for mortgage financing even with bruised credit. We work with many alternative lenders who offer competitive mortgage loans to borrowers with damaged credit. APPLY NOW to find out if you qualify for alternative financing and what your monthly payments will be, for example. We will contact you within twenty four hours to discuss your application.
Here are some actions you can take immediately to improve your credit. Even for alternative loans, a better credit score equates to a better interest rate and optimal mortgage terms.
To book a free consultation to discuss your options and strategy to purchase a home, please book a time at https://calendly.com/sarahcoluccimortgage
Waiting may not work for some, though, who—other than poor credit—may have all their ducks in a row and are ready to take the homeownership plunge.
There are certain things you can do to improve your credit, but it takes time for them to take effect. Depending on your situation, you may or may not want to wait until your credit improves before buying a house. We can help you get approved for mortgage financing even with bruised credit. We work with many alternative lenders who offer competitive mortgage loans to borrowers with damaged credit. APPLY NOW to find out if you qualify for alternative financing and what your monthly payments will be, for example. We will contact you within twenty four hours to discuss your application.
Here are some actions you can take immediately to improve your credit. Even for alternative loans, a better credit score equates to a better interest rate and optimal mortgage terms.
- You should check your credit report frequently to ensure it is accurate and up-to-date.
- Make your payments on time.
- Keep your balances at least 20% below the credit limit.
- Try to have a few different credit products, for example, a line of credit, a car loan, and a credit card.
- Clear up any collection items or past due debts that need to be resolved.
To book a free consultation to discuss your options and strategy to purchase a home, please book a time at https://calendly.com/sarahcoluccimortgage
