Don"t Let Bad Credit Get in the Way of You Getting a Mortgage!
The mortgage loan process can be a challenging one, particularly for those who suffer from poor credit. A borrower's credit score is an integral part of the mortgage lending process. Lenders don't like to take risks when loaning large sums of money, even if it is a relatively secure mortgage loan granted to borrowers to help them finance a home. There are a number of stipulations that home buyers must meet first before a typical lender will say "yes" to a mortgage approval, and one of these stipulations is a good credit score.
For those whose scores are lower than 600, obtaining a mortgage approval can prove to be nearly impossible when going through big banks and the strict Canadian guidelines. It's almost a guarantee that such lending institutions will refuse to approve a mortgage for a borrower with less-than-stellar credit, as they don't want to risk dealing with delinquent payments.
But not all is lost for those with a bad credit history. In fact, there are mortgage brokers with lenders who specialize in arranging a bad credit mortgage Oakville or other areas of the GTA, to buyers who have had issues with their credit in the past. Mortgage brokers work for you - not the banks, to help you get the best deal on a home mortgage, mortgage renewal, second mortgage or secured line of credit.
Don't Let Your Bad Credit Stand in the Way of Your Dreams of Home Ownership
Mortgage Medics can help you with a bad credit mortgage in Ontario, and will offer you helpful information about how to get your credit back on track. By taking advantage of their mortgage services, you can learn more about what you need to qualify with lenders, including the size of your down payment, stable income and your debt ratio. Once you are granted a mortgage, they can help you improve your credit score by making your mortgage payments on time and in full and every month. Slowly but surely, you can expect an improvement in your credit score, resulting in a lower mortgage interest rate and a buildup of equity in your home!
If you've got poor credit, don't fret. Instead, call Mortgage Medics right away, and let them do a full and confidential evaluation of your finances. They have access to lenders across Canada who deal specifically with borrowers just like you! They offer expert mortgage advice for people looking to purchase a home in Oakville and surrounding areas. And the best part is, their services are of no charge to you!
Visit MortgageMedics.ca today, learn more bad credit mortgage Oakville and make your bad credit a thing of the past! Call (905) 847-6611 - a Medic is standing by!
For those whose scores are lower than 600, obtaining a mortgage approval can prove to be nearly impossible when going through big banks and the strict Canadian guidelines. It's almost a guarantee that such lending institutions will refuse to approve a mortgage for a borrower with less-than-stellar credit, as they don't want to risk dealing with delinquent payments.
But not all is lost for those with a bad credit history. In fact, there are mortgage brokers with lenders who specialize in arranging a bad credit mortgage Oakville or other areas of the GTA, to buyers who have had issues with their credit in the past. Mortgage brokers work for you - not the banks, to help you get the best deal on a home mortgage, mortgage renewal, second mortgage or secured line of credit.
Don't Let Your Bad Credit Stand in the Way of Your Dreams of Home Ownership
Mortgage Medics can help you with a bad credit mortgage in Ontario, and will offer you helpful information about how to get your credit back on track. By taking advantage of their mortgage services, you can learn more about what you need to qualify with lenders, including the size of your down payment, stable income and your debt ratio. Once you are granted a mortgage, they can help you improve your credit score by making your mortgage payments on time and in full and every month. Slowly but surely, you can expect an improvement in your credit score, resulting in a lower mortgage interest rate and a buildup of equity in your home!
If you've got poor credit, don't fret. Instead, call Mortgage Medics right away, and let them do a full and confidential evaluation of your finances. They have access to lenders across Canada who deal specifically with borrowers just like you! They offer expert mortgage advice for people looking to purchase a home in Oakville and surrounding areas. And the best part is, their services are of no charge to you!
Visit MortgageMedics.ca today, learn more bad credit mortgage Oakville and make your bad credit a thing of the past! Call (905) 847-6611 - a Medic is standing by!
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