Bad Credit Got You Turned Down For a Mortgage?

Posted by on June 12, 2013

bad credit mortgage MiltonBad Credit? Turned Down For a Mortgage?

Have you recently been turned down by the bank for a mortgage because of your bad credit? Have you had financial troubles in the past that have left you struggling to buy a home? There are ways to get around this – like using an independent mortgage specialist to help.

Lenders have become quite strict in their lending procedures, particularly with those who have a less-than-stellar credit history. Banks generally like to deal with pristine financial records of the borrowers they are working with. All home loan criteria needs to be met in order for a bank to lend out a substantial amount of money to a borrower for a home they wish to purchase.

Unfortunately, banks generally frown upon bad credit histories, and almost always turn these borrowers down for a mortgage.

You Have Options to Secure a Mortgage

The good news is that independent mortgage specialists provide borrowers with poor credit with another viable option to secure a mortgage. Mortgage brokers have relationships with a variety of different lenders in addition to the big banks. You only fill out one loan application and your mortgage broker can shop the mortgage over lenders across Canada, including finance companies, credit unions, trust companies and private lenders.

For this reason, experienced brokers know exactly who to go to in order to get the mortgage you need, even if you have bad credit. There are lenders who specialize specifically with a bad credit mortgage Milton for those who find themselves with a compromised financial background. As if that wasn’t enough, there is generally no charge to you!

Call an Experienced Mortgage Broker to Help

Marcelle Tiqui is a specialized independent mortgage expert who is in the business to help all sorts of borrowers – including those with bad credit – obtain the mortgage they need. She specializes in mortgages in the Oakville, Burlington, Mississauga, Milton and the GTA and surrounding areas. Marcelle is your bad credit mortgage specialist! Call her team today at (905) 208-7070 and obtain that bad credit mortgage in Ontario that you need right away!  Learn more on her website:

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