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You Can Still Get a Mortgage With Bad Credit!

Posted by Ontario on October 6, 2015 in Finance, oakville ontario, Oakville Ontario Services with No Comments


mortgage lender Oakville, Milton, Mississauga, BurlingtonBad Credit Doesn’t Have to Stand in the Way of You Getting a Mortgage!

If you’ve got credit that’s less than stellar, you probably think you’ll never get approved for a mortgage, right? Well, you’re in luck, because there are still ways to get a “YES” stamp on your mortgage application, even if you’ve suffered poor credit in your financial life!

Dealing with Typical Lenders is Not Your Best Choice if You Have Bad Credit

OBad Credit Mortgage Miltonf course, typical lenders – like big banks – will more than likely reject your application if your credit score isn’t adequate in their eyes. Lenders will look at your credit score to determine whether or not they will approve you when you apply for a mortgage. While various lenders have their own set of requirements, bad credit is one of the most common factors that will affect a lender’s mortgage approval. This can make finding a mortgage lender Oakville, Milton, Mississauga, Burlington and other areas of Greater Toronto – Greater Hamilton more difficult.

In addition to your credit score, lenders will look at a variety of different factors relating to your financial strength, including your:

  • Housing expense ratio (which should be no more than 32% of your gross income)
  • Co-borrowers
  • Investments
  • Stocks
  • Vehicles
  • Income history
  • Value of your home (if you own one and are looking to refinance or buy a more expensive home)
  • Amount of debt (cars, credit cards, current mortgage, student loans, child care, etc)
  • Debt to income ratio (which should be no more than 44%)bad credit mortgage Toronto

Let the Experts in Bad Credit Mortgages Help You Get Approved!

Rather than go the typical route of approaching traditional mortgage lender, why not take a better way and deal with an independent mortgage broker who knows exactly who to talk to in order for you to increase your chances of a mortgage approval, even with bad credit? Marcelle Tiqui is a mortgage agent who has plenty of experience getting a bad credit mortgage for those who have struggled with their financial past.

Marcelle has access to hundreds of lenders across Canada, who offer a variety of mortgage products for special situations just like yours. She is well versed in the criteria that different lenders have, and can use this knowledge to help you get approved for a mortgage. Even if you’ve been turned down by the banks, you can still get a bad credit mortgage in Ontario with the help of Marcelle Tiqui. She can also help you with home equity loans – to pay down high interest credit card debt, or mortgage refinancing. Call her at (905) 208-7070 or visit her website: www.marcelletiqui.com. Get your mortgage now- while rates are still low!

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