Bruised Credit & Credit Repair
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There are many reasons why a borrower may have bruised credit. In short, "Life Happens."
Divorce and job loss are just a couple of examples why borrowers end up with a lower credit score and ultimately, the inability to obtain conventional mortgage financing.
One of the ways my business differs from the my competition is that I am truly able to help borrowers who have had credit issues, currently or in the past, obtain competitive financing and mortgage rates. This also allows them to have a wonderful opportunity to repair their credit quickly.
Usually, consumers are under the impression that because they have a problem with their credit score, have declared bankruptcy or have found themselves with previous loan delinquencies, they will not qualify for a mortgage. The good news is this is simply not true.
In reality, many mortgage borrowers deal with unfavourable credit issues in their lifetime.
Credit can take a while to repair and for some people it may mean not being able to renew their existing mortgage with their bank, get a mortgage loan the conventional way or be able to refinance. Fortunately, I have access to many lenders who offer "bad credit mortgages" at very competitive interest rates.
Call my office today to learn about the different products we offer for borrowers in any situation that still offer the most competitive interest rates.
Divorce and job loss are just a couple of examples why borrowers end up with a lower credit score and ultimately, the inability to obtain conventional mortgage financing.
One of the ways my business differs from the my competition is that I am truly able to help borrowers who have had credit issues, currently or in the past, obtain competitive financing and mortgage rates. This also allows them to have a wonderful opportunity to repair their credit quickly.
Usually, consumers are under the impression that because they have a problem with their credit score, have declared bankruptcy or have found themselves with previous loan delinquencies, they will not qualify for a mortgage. The good news is this is simply not true.
In reality, many mortgage borrowers deal with unfavourable credit issues in their lifetime.
Credit can take a while to repair and for some people it may mean not being able to renew their existing mortgage with their bank, get a mortgage loan the conventional way or be able to refinance. Fortunately, I have access to many lenders who offer "bad credit mortgages" at very competitive interest rates.
Call my office today to learn about the different products we offer for borrowers in any situation that still offer the most competitive interest rates.
Bruised credit?
We will work with you by providing appropriate financing to help you build or repair credit no matter what your credit score.
Credit Success Story
Bruised or Bad Credit? Meet Jody. She was looking for the best interest rate to help her get out of bad debt and save her from bankruptcy. She's a mortgage client I helped over the short-term and eventually, in the long term, too.
Jody had been a mortgage borrower for over a decade. She always maintained good credit as she paid her bills on time. As Jody was going through her divorce, upon splitting the family assets, and working with expensive family lawyers, she fell behind on multiple bill payments. In a matter of a few months, Jody's score plummeted and when it came time to refinance her mortgage, she was denied by her major bank.
When Jody approached me she was unsure she would qualify for mortgage financing as she believed people with bad credit can't get mortgages. She was tired and stressed out. She was sinking in debt and she needed one low monthly mortgage payment to be able to consolidate debts she was left with. She was literally on the brink of bankruptcy or a consumer proposal, maybe even power of sale.
I worked with Jody on a mortgage application to sort through her outstanding debts, current income, and overall monthly liabilities. We packaged all of her details to an alternative lender, with detailed explanations about why her credit history had suffered. I worked with one of our valued lender partners to get her a rate that was very similar to her banks and affordable. We did not have to go to a private lender, either.
Jody agreed to take a one-year term with an alternative lender under my advice. In that one year, we worked to help her score rise so that at the end of the term, she would have better credit and would be able to approach a major financial institution again and secure a mortgage with the most competitive rate.
When the one year term finally came close, we checked Jody's credit again. Amazingly, it had recovered and I was able to secure her financing with a major bank. Jody is now enjoying life with excellent credit again, debt relief, and one low monthly payment. She is able to send her son off to University and live with a lot less stress.
Jody had been a mortgage borrower for over a decade. She always maintained good credit as she paid her bills on time. As Jody was going through her divorce, upon splitting the family assets, and working with expensive family lawyers, she fell behind on multiple bill payments. In a matter of a few months, Jody's score plummeted and when it came time to refinance her mortgage, she was denied by her major bank.
When Jody approached me she was unsure she would qualify for mortgage financing as she believed people with bad credit can't get mortgages. She was tired and stressed out. She was sinking in debt and she needed one low monthly mortgage payment to be able to consolidate debts she was left with. She was literally on the brink of bankruptcy or a consumer proposal, maybe even power of sale.
I worked with Jody on a mortgage application to sort through her outstanding debts, current income, and overall monthly liabilities. We packaged all of her details to an alternative lender, with detailed explanations about why her credit history had suffered. I worked with one of our valued lender partners to get her a rate that was very similar to her banks and affordable. We did not have to go to a private lender, either.
Jody agreed to take a one-year term with an alternative lender under my advice. In that one year, we worked to help her score rise so that at the end of the term, she would have better credit and would be able to approach a major financial institution again and secure a mortgage with the most competitive rate.
When the one year term finally came close, we checked Jody's credit again. Amazingly, it had recovered and I was able to secure her financing with a major bank. Jody is now enjoying life with excellent credit again, debt relief, and one low monthly payment. She is able to send her son off to University and live with a lot less stress.
