Get Approved For a Mortgage – Even with Bad Credit
Have You Been Turned Down For a Mortgage?
Getting approved for a mortgage can be pretty challenging if you have bad credit. Most banks and traditional lenders generally frown upon those with bad credit, and will usually turn you down for a mortgage because of it. This can be incredibly frustrating and demoralizing, especially when you are relying on a mortgage to buy the home of your dreams in Alberta, Ontario or other provinces in Canada. Rather than let your dreams fizzle, get in touch with an independent mortgage broker like Jim Black and his award winning team at Mortgage Loans Alberta and get approved for a mortgage even with bad credit.
Don’t Let Bad Credit Stand in Your Way of Getting a Mortgage
Independent mortgage brokers have a huge roster of lenders, including big banks as well as trust companies, credit unions, finance companies and private lenders. Homebuyers who have unique and difficult situations – such as those with bad credit – are able to be connected to a lender that is willing to put forth a mortgage loan. So there is hope even if your bank turned you down for poor credit. Mortgage brokers know exactly which lender or lenders have experience dealing with hard to place mortgages due to low down payments, self-employed, divorce, new to Canada and more. Whether you are looking in the Lethbridge, Red Deer, Medicine Hat or Calgary area, a mortgage is possible for you, even with poor credit.
How Mortgage Agents Are Different Than Banks
Independent mortgage brokers differ from banks in that they work for you, therefore they are in an unbiased position when it comes to helping you get the mortgage you need. Rather than deal with a bank, which will simply push their own product, a mortgage agent will have your best interests at heart and will look for the right mortgage product package for you.
The best Alberta mortgage brokers will sit down with you and find out all there is to know about your particular financial situation. Because of this, they will be able to find the best mortgage package that will suit your specific needs, determine how much you can afford, and help you understand the carrying and closing costs. If you are one of the many Canadians out there who has a poor credit score, your mortgage broker will give you tips and advice on how to improve it. Get in touch with award winning Jim Black and his team at Mortgage Loans Alberta to get the perfect mortgage package for your unique situation. You can reach them at (877) 394-9422 or visit their website at: www.mortgageloansalberta.ca.
How a Mortgage Broker Can Help You With a Bad Credit Mortgage Alberta
Got Turned Down For a Mortgage?
Buying a house is a big deal, and is most likely the biggest investment you’ll ever make in your lifetime. As such, you’ll most likely need assistance in making this large purchase by getting a mortgage. However, you may find that getting approved for a mortgage has proved to be very challenging, especially if you have bad credit.
If you’ve been declined for a mortgage because of your poor credit history, you may need to consider alternatives to conventional big lenders such as banks and credit unions who usually have very stringent stipulations and criteria for their borrowers. Luckily, there are lenders out there who deal specifically with bad credit mortgage situations in Alberta, Ontario and other Canadian provinces.
A bad credit mortgage is a mortgage that is given by a lender to a borrower with poor credit. While most banks and credit unions will most likely turn down borrowers with a poor financial history, a bad credit mortgage given in alternative situations can help borrowers get approved for a mortgage while improving their credit scores at the same time.
Get a Professional Mortgage Broker on Your Side
In order to find these lenders, it is necessary to have a professional and independent mortgage broker to help you. Mortgage brokers have a wide contact list of all different types of lenders who deal with a variety of types of mortgages and borrowers, including those with a bad credit history.
For many home buyer hopefuls, a bad credit mortgage Alberta may be the only option and hope of getting approved for a mortgage. When you work with an independent mortgage broker, you’ll be maximizing your chances of getting the best rates possible, as well as a package with reasonable terms that you can work with.
Jim Black, AMP, is a professional independent mortgage broker who has helped countless home buyers in Alberta with poor credit get approved for a mortgage, even after they had originally been turned down by other major lenders. Jim and his award winning team at www.MortgageLoansAlberta.ca can help you too. Call their team today at (877) 394-9422 and let them help you get approved for a mortgage, while simultaneously improving your credit score! If you are in Ontario, call the experts at www.MortgageMedics.ca. Award winning Claire Drage and her team of experts can help you in the Greater Toronto area or other parts of Ontario. You can reach them at (289) 837-1518.
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