Bad credit is something that has become very common and there is no shortage of clients looking to use their equity to consolidate debt and get their credit back on track. But what happens when you have a lot of equity, but your bank declines you because of your credit rating? You either concede that you will have bad credit for the rest of your life or you find a lender that is willing to overlook your credit woes. This is where a mortgage broker who specializes in equity lending can be your saving grace.
At secondmortgage.ca we work with an assortment of lenders who don’t even take credit into consideration. They also aren’t overly concerned with other factors that lie beyond the scope of your equity. Equity has always been the primary factor for lenders who are willing to overlook issues such as credit or lack of verifiable income and always will be.
If you have equity, we have solutions. Whether you have had a previous bankruptcy, filed a consumer proposal, are drowning in debt, or owe money on your property taxes or to the CRA we can help. We can even often offer subsidized mortgage payment options and in some instances fully prepaid mortgages to help people overcome difficult financial situations.
Our bad credit mortgage options can help you:
At secondmortgage.ca we provide expert assistance to not only help you leverage the money you need but we also provide guidance on how you can go about correcting your bad credit to help open up borrowing options for you in the future.