Credit Trouble? There are still lenders that will approve that mortgage!
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.
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.
What kind of properties will certain lenders look at?
Rental Units (Maximum 4 properties)
Properties within, or near the greater Vancouver area
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.
Brandon Nishi | Mortgage Broker
Phone: (604) 353 - 5809
Contact Page: https://www.bnishimortgages.com/contact-page