Bruised | Bad Credit Mortgages

Bruised | Bad Credit Mortgages

Bad Credit Mortgages

Bruised | Bad Credit Mortgages

Bruised | Bad Credit Mortgages

As a Licensed Mortgage Agent I am often asked, “Can I get a Mortgage with Bad Credit,” or “Can I still refinance my home with bad credit?” While I hear these questions often, I always respond “You don’t have bad credit, you have bruised credit, and bruises heal.”

Bruised | Bad Credit Mortgages

Life is unexpectant and has a tenancy to throw us curveballs. This often leaves people in a situation where they have to make the decision between paying the credit cards and feeding the kids. The choice is an easy one, and people should not be penalized for the choice.

I Can Help!

If you have Bruised Credit, Equity is Key!

Twenty Percent Down

Most lenders require twenty-percent down if there is bruised credit.

Strong Co-Signor

A Strong Co-Signor can make all the difference in Getting a Mortgage with Bruised Credit.

Is it Bruised?

Is the Credit Really Bruised? It is worth a check!.

Twenty-Percent Down

If you have a twenty-percent down payment then there is a very good chance that you can get a mortgage. While the Mortgage Rate might not be ideal, there is always the option of switching into a much more desirable Mortgage Rate in a year or two of showing good repayment history.

Strong Co-Signor

Even with Bruised Credit, I have helped many people get a Mortgage when they have a strong co-signor. After a year or two of good repayment history we are able to take the co-signor off the mortgage, and the main mortgagee has establish even better credit!

Is it Bruised?

If have many clients who think they have bruised credit and it turns out the don’t! If there are explainable late payments, no collections (or the collections are more than 6 years old), then there is a good chance you do not have bruised credit and can qualify for 5 percent down to get a mortgage! A good place to start is Exquifax.ca Here you can obtain your credit report and get a good idea of what is showing on your credit bureau.

Contact Me

If you have any questions please do Call or Text me at 519-860-2102, or complete the following form