Below you'll find a list of all posts that have been tagged as “bankruptcy”
The dreaded thing happens… you apply for a mortgage through your bank and you get declined. No one wants that to happen and luckily for you, it doesn’t mean that it’s the end of the road. In this blog post, I’ll explain some of the reasons why you could get declined at a bank and what to do when that …
Are you looking for a mortgage but bad credit has you down and out? There’s still a possibility that you can be approved for a mortgage and purchase that home you’ve been looking at. This can happen through private or “B Lender” mortgages. In this blog post, I’ll be sharing about private and “B Lender” mortgages and how even if …
People often ask me, “Why should I use a mortgage broker instead of my bank?” It’s a question that I understand why I’m asked because sometimes people don’t realize what a mortgage broker does differently than a bank. Many people were brought up being taught that they just travelled to their local branch for anything related to finances. But, times …
Do you have little to no credit, damaged credit or are just starting to build your credit? If so, this is the blog post for you! Being a mortgage broker, I have seen a lot of people in these situations. It’s never easy to build your credit when first starting out and it can sometimes take years to establish even …
As the world continues to change and evolve, so do mortgage rules. As a result of these changes, fewer people are qualifying for mortgages offered through traditional lenders such as the big banks. This is due to many factors, including the stress test. Thankfully, big banks aren’t the only option available when it comes to getting a mortgage loan. In …
Getting a mortgage while having a previous bankruptcy or consumer proposal can be difficult. While some banks won’t even consider giving you a mortgage, some lenders will provide you with a mortgage under certain conditions. In this blog post, I’ll discuss the difference between a bankruptcy and a consumer proposal and what conditions you’ll have to comply with when you …
Credit is more important now than ever before. Equifax and Transunion recently changed how they calculate your credit score, with very good credit getting even higher and not so great going lower in most cases. I cannot explain exactly what they changed other than their formula for calculating, and that they put more emphasis on delinquencies and also positive factors …
