The amount depends on your home’s equity, your creditworthiness, and lender criteria, often allowing you to borrow up to a certain percentage of your home’s value (Combined Loan-to-Value).
How much can I typically borrow with a second mortgage? Read More »
That’s precisely why specialized mortgage brokers and alternative lenders exist – to provide solutions when traditional avenues are not available. There’s still hope.
What if the major banks have already turned me down? Read More »
While the mortgage itself doesn’t directly repair credit, consistently making your mortgage payments on time can be a positive factor in rebuilding your creditworthiness for the future.
Can this type of mortgage help improve my credit score over time? Read More »
Down payment requirements can be higher than for prime mortgages and vary based on your credit profile and the lender. We can explore options like gifted down payments.
How large of a down payment will I generally need? Read More »
Interest rates may be higher compared to ‘A’ lenders, reflecting the increased risk. However, we work to find the most competitive terms available for your situation.
Will I have to pay a much higher interest rate? Read More »
We often work with individuals who have experienced bankruptcy, consumer proposals, collections, or a history of missed payments. Every situation is unique.
What kind of credit issues can you typically help with? Read More »
With all necessary documentation provided, prequalification can often be obtained within a few business days, sometimes even faster.
How quickly can I expect to get prequalified? Read More »
