Purpose: Did you know there are certain lenders that will offer you a mortgage even when you may have a low credit score, bankruptcy, or consumer proposal? It may take years to resolve this issue, and many of the big banks will often reject your request for a mortgage. However, there are many lenders that have flexible programs that will accommodate past credit mishaps. I work with these lenders to help package, and get you the best rate from all the lenders. Take a look at the flexible guidelines and let me help you get on track with your home buying needs.

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What will they overlook?

• No minimum credit score. Major banks will only accept clients with a minimum beacon score of about 620, while I work with lenders that are more flexible and take into account job security and assets instead.

• Bankruptcy

• Consumer Proposals

• Credit Counselling
   

What kind of properties will certain lenders look at?

• Owner Occupied

• Rental Units (Maximum 4 properties)

• Properties within, or near the greater Vancouver area

Borrowing Guidelines

• Max LTV of 65%

• Amortization between 10 - 30 years

• Loan amount between $250,000 - $1,500,000

• Rental offset of 95%

Who’s this program good for?

• History of bad credit

• Someone recently discharged from a bankruptcy or consumer proposal

• Home owner looking to purchase a rental property but does not fit normal income banking guidelines
   

Worried if a lender will accept your request for a mortgage? Please feel free to message me anytime for a free, no obligation consultation. We will package your request together, go through all your available options, and get you the lowest rate that a lender can offer.

I understand how important it is to have a place called home. Get a free, no obligations consultations. Let's talk, and see if we can get you approved to help buy your new home.