A bankruptcy or consumer proposal is one of the major reasons borrowers are declined by their bank for mortgage financing. If you are considering filing a bankruptcy or consumer proposal, are enrolled in one or have been discharged you may find it hard to leverage your equity from a big bank. Fortunately, there are still options that can help you avoid, pay off or expedite your recovery from a consumer proposal or bankruptcy.
In today’s day and age there are numerous lenders that are looking to fill the void where big banks are not willing to assist. In such a competitive market like mortgages there are always lenders who are willing to overlook past indiscretions such as a consumer proposal or a bankruptcy. Many of these lenders offer competitive rates and flexible terms and can help you rehabilitate your credit even further by paying out consumer proposals and bankruptcies early.
If you are considering or have already filed for a bankruptcy/consumer proposal, we can help. With several options including refinancing, second mortgages, home equity loans and home equity lines of credit, you can still leverage your equity. There is life after a visit to the trustee’s office and we can show you how to get back on track.
While a consumer proposal or bankruptcy may be an obstacle it is not one that can’t be overcome. If you have been declined because of your credit or financial situation, we can help. Let our common- sense approach to underwriting help get you back on track. If you are interested in accelerating your credit repair, call us for a free, no-obligation quote at 1-866-306-2637 or apply online and let us put your equity to work for YOU!