Alternative Mortgage Financing
Mortgage Application Denied? Choose alternative mortgage financing as your solution!
Mortgage Application Denied? Choose alternative mortgage financing as your solution!
If you have bad credit, are dealing with bankruptcy, have a consumer proposal underway, are self-employed, or don’t meet the criteria of traditional financial institutions, it doesn’t necessarily mean giving up on your dream of obtaining mortgage financing!
Alternative mortgage financing, often overlooked, can be beneficial to you even if you don’t meet the requirements of traditional financial institutions.
Customized Solution for Your Unique Situation
Are you experiencing difficulties obtaining a traditional mortgage loan? Alternative Mortgage Loan is designed to meet your specific needs, regardless of your financial situation. This type of financing offers several advantages, such as the ability to borrow up to 80% of the property value and finance special projects.
Here are some examples of situations where an Alternative Mortgage Loan can be beneficial for you:
- Unfavorable Credit History
- Bankruptcy or Consumer Proposal in Progress
- Debts to Consolidate
- Unpaid Taxes
- Legal or Construction Mortgages
- Self-Employed with Non-Traditional Income
- Mortgage Default or 60-Day Notice
- Mortgage Refusal or Recall by a Bank
- Additional Financing (Second Mortgage)
- Urgent Need for Financing Without Income Proof
- And many more!
However, it’s important to note that interest rates are generally higher and repayment terms may be stricter.
That’s why it’s essential to seek the assistance of an experienced mortgage broker. A broker will analyze your financial situation and offer the best solution based on your needs. They will accompany you throughout the application process and help you secure the best possible terms.
Types of Lenders for an Alternative Mortgage Loan
When you have bad credit or a complex financial situation, obtaining a traditional mortgage loan can be difficult.
Fortunately, there are alternative mortgage lenders who can help you achieve your financial goals, whether it’s for purchasing a property, debt repayment, or other purposes.
Specialized Lenders
Home Trust, Equitable Bank, Haventree, and B2B Bank are examples of specialized lenders that offer alternative mortgage loans.
These lenders have their own eligibility criteria, which are typically more flexible than those of traditional banks.
Alternative Lenders
Private Lenders
Private lenders are individuals or companies that lend money to individuals.
They may offer mortgage loans to individuals who cannot obtain a mortgage from a traditional lender.
However, interest rates and fees can be quite high.
Compare offers from multiple alternative mortgage lenders, understand the loan terms, ensure you can afford the monthly payments, and seek the assistance of a mortgage broker.
There are many options to obtain alternative mortgage financing. By conducting research and comparing offers, you can find a loan that will help you achieve your dream of homeownership.
A mortgage broker can help you compare offers from multiple lenders and find the mortgage loan that best suits your needs.
The Alternative Mortgage Loan is a flexible and adaptable solution that can help you achieve your financial goals, such as acquiring a property or consolidating your debts.
Don’t wait any longer, contact me today! I will personally accompany you throughout the alternative mortgage loan application process and ensure you get the best possible terms.
Explore Your Mortgage Options
Ready to move to the next step? Contact me for a personalized consultation now.
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