Got a Bad Credit Rating?
There are a number of things that big banks and lenders look for when deciding whether to approve a borrower for a mortgage for a property in Ontario. Among these criteria includes: stable income; a good work history; substantial capital for a down payment and a good credit history. Unfortunately, there are plenty of Canadians who don't have a good credit rating due to sub-par financial events in their past. Not paying bills on time or building up a lot of debt are sure-fire ways to develop a poor credit history. Sometimes, however, unforeseen expenses, job loss, illness or other factors can have a detrimental effect on your credit. If you really want to buy a home, a poor credit history may prevent you from doing so.
If you're one of those Canadians who falls within this category and have made attempts to get approved by a major lender, you've probably found out the hard way that most lenders frown upon bad credit history. As such, they will more than likely require a much higher down payment to be approved, or simply turn you down flat right away. Such a situation can really be disheartening and frustrating for you.
Get Approved With the Help of an Independent Mortgage Broker
Luckily, independent mortgages work differently than banks. They are willing to deal with a number of borrowers that have tricky situations, including bad credit. They know lenders willing to work with bruised credit histories to get approved for a bad credit mortgage Oakville.
Lee Anne Taylor - Seasoned Mortgage Specialist
If you happen to have poor credit or have had trouble getting a mortgage for other reasons, then you need to call a mortgage agent that specializes in hard to place mortgages. Lee Ann Taylor at Home Loans Ontario can guide you on the path to home ownership despite your credit rating. She will also help you improve your overall credit score over time, which will inevitably help to lower interest rates and make it easier for you to borrow funds. She will sit down with you and review your financial situation and help you get on the path to home ownership and financial security. You will finally get that mortgage approval.
Lee Anne also does second mortgages and debt consolidation through home equity loans and lines of credit. Give her a call today at (905) 336-8948 and learn all of your mortgage loan options.
There are a number of things that big banks and lenders look for when deciding whether to approve a borrower for a mortgage for a property in Ontario. Among these criteria includes: stable income; a good work history; substantial capital for a down payment and a good credit history. Unfortunately, there are plenty of Canadians who don't have a good credit rating due to sub-par financial events in their past. Not paying bills on time or building up a lot of debt are sure-fire ways to develop a poor credit history. Sometimes, however, unforeseen expenses, job loss, illness or other factors can have a detrimental effect on your credit. If you really want to buy a home, a poor credit history may prevent you from doing so.
If you're one of those Canadians who falls within this category and have made attempts to get approved by a major lender, you've probably found out the hard way that most lenders frown upon bad credit history. As such, they will more than likely require a much higher down payment to be approved, or simply turn you down flat right away. Such a situation can really be disheartening and frustrating for you.
Get Approved With the Help of an Independent Mortgage Broker
Luckily, independent mortgages work differently than banks. They are willing to deal with a number of borrowers that have tricky situations, including bad credit. They know lenders willing to work with bruised credit histories to get approved for a bad credit mortgage Oakville.
Lee Anne Taylor - Seasoned Mortgage Specialist
If you happen to have poor credit or have had trouble getting a mortgage for other reasons, then you need to call a mortgage agent that specializes in hard to place mortgages. Lee Ann Taylor at Home Loans Ontario can guide you on the path to home ownership despite your credit rating. She will also help you improve your overall credit score over time, which will inevitably help to lower interest rates and make it easier for you to borrow funds. She will sit down with you and review your financial situation and help you get on the path to home ownership and financial security. You will finally get that mortgage approval.
Lee Anne also does second mortgages and debt consolidation through home equity loans and lines of credit. Give her a call today at (905) 336-8948 and learn all of your mortgage loan options.