Tag: bad credit
Private mortgage lenders: how to use them successfully
If your mortgage broker suggests a private lender mortgage, you’ll probably have many questions. That’s a good thing! In order to use private lenders successfully, you need to make sure you understand how this choice will work for you. Just as importantly, you need a plan for how you’ll move on and replace the private […]
Private mortgage rates: why are they so high?
Unpacking private mortgage rates The first step in understanding private mortgage rates is to get back to the basics. Let’s start with covering those…. What is a private mortgage? Simply put, private mortgages are offered by Canadian mortgage lenders who aren’t your typical “A” or “B” lender. Big names are Fisgard or New Haven, but […]
What are B lender mortgage rates?
How much do alternative lenders charge? If you’ve considered a B lender, chances are you’re worried about how much exactly you would need to pay. In my experience, people often get alternative lenders confused with private lenders, which is an entirely different group of mortgage lenders. In fact, B lender mortgage rates are typically much less than people […]
7 tips for mortgage after consumer proposal
Getting a mortgage after a consumer proposal? If you’re like most people, getting a consumer proposal feels like a big relief at first. You want to get this thing done and then move on with your life. But the moving on can become very frustrating because potential new creditors, such as when you want to […]
Falling deeper into debt?
Debt is on the rise… Yes, again It seems like this is the time of year when we hear a lot about household debt. In one bankruptcy blog, the author writes that while a lot of focus has been directed at the real estate market, in 2015, consumer credit – i.e. non-mortgage debt – grew […]
Overwhelmed by debt? Denial can hurt you more…
Waiting to deal with debt can hurt you The CBC published a great article a while back, entitled “Debt’s Dirty Dozen Danger Signs“. The article highlights an issue we mortgage brokers come across all the time. That is, people waiting too long to ask for help. A mortgage consolidation can give you financial breathing room If you […]
Fixing your credit after bankruptcy
Mortgages and financing after bankruptcy One of the most common situations I encounter when talking to my post-bankruptcy clients is a lack of re-established credit. With our alternative lenders, I can get good rates for people with past credit challenges, even if there’s a bankruptcy or consumer proposal in the picture, but if there is […]
Fall in love with your mortgage
Resent your mortgage? Or worse, are you a little afraid of it? You’re not alone. Most of us see the mortgage as this giant debt that is our single biggest monthly expense, and there’s not much that seems good about it. How can you appreciate your mortgage? Simple. Get to understand it better. If you have […]
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