FREQUENTLY ASKED QUESTIONS

Can I get a mortgage or refinance if I have bad credit?

Credit is an important factor, but it isn't necessarily the only factor considered.  Alternative and private lenders can have different lending criteria than traditional banks. Your credit history is one consideration, but your property, available equity, mortgage balance, and overall financial situation may also affect the options available to you.

The first step is reviewing your complete situation. 

What if my bank already declined me?

A bank decline doesn't necessarily mean every lender will decline your application.  Banks, alternative lenders, and private lenders can have different lending criteria. I can review your circumstances and explore other available options.

I'm self-employed. Can I qualify without traditional proof of income or with no income?

It depends on your circumstances. Some alternative lenders and private lenders accept non-traditional income documentation, but every application still depends on property, equity, and the lender's requirements, and approval is never guaranteed. I'll review your circumstances and determine which lending options, if any, may be appropriate.

Can I use my home equity to consolidate credit cards and other debts?

Depending on your available equity and qualifications, yes. Mortgage refinancing or a second mortgage may allow you to pay off higher-interest debts and consolidate them into a different payment structure.

Can you help with CRA or property tax arrears?

Depending on your situation and available home equity, mortgage financing may be one way to address CRA or property tax arrears. Eligibility is not guaranteed.

Do you offer second mortgages?

Yes. Depending on eligibility, a second mortgage may be an option for homeowners who need to access equity without replacing their existing first mortgage.

What about private mortgages?

Private mortgage financing can be an option when traditional or alternative institutional lenders aren't suitable. Private mortgages generally carry different rates, fees, and terms, so I'll explain the costs and potential exit strategy before you decide whether to proceed.

Do you offer reverse mortgages?

Reverse mortgages may be available to eligible homeowners aged 55 or older. Eligibility and available amounts depend on factors such as age, property, and lender requirements.

How much equity can I access?

That depends on factors such as your property's value, existing mortgage balance, location, lender requirements, and the mortgage product you're considering. We'll review the numbers with you before recommending a course of action.

Will this hurt my credit?

Simply discussing your situation does not determine your credit outcome. If a credit bureau inquiry is required as part of an application, we'll explain the process before proceeding.

Is the consultation really free?

Yes. Your initial consultation is free, and there is no obligation to proceed.