No Income/Credit Required - Borrow up to 90% of Your Home Equity. You are APPROVED on EQUITY NOT Credit.

Bad Credit Mortgage, Get a 1st or 2nd Mortgage Even With Bad Credit and Low Income

The fear of bad credit has caused many would be homeowners or homeowner’s who need additional funds to shy away from getting the financing they need. It is certainly true that bad credit is a show stopper when it comes to institutional lenders such as banks, credit unions and trust companies. However, bad credit is just what the bad credit mortgage lenders deal with on daily basis; in fact you can say bad credit mortgage is their primary business. These lenders are more concerned with the actual property and its equity rather than your credit history and that is why you can receive a mortgage even if you have been or are going through::

Power of Sale
Tax Arrears
Mortgage Arrears
Low/No Income
No Employment
Bad Credit/No Credit

With a large pool of bad credit mortgage lenders and private lenders, you can receive a mortgage anywhere in Ontario whether you are in major urban city or in a more far away rural area, whether you are looking for first mortgage or you need a second mortgage. As long as you have sufficient equity or down-payment you are approved to receive the funds you need.

What Are Bad Credit Mortgages and Who Provides These Mortgages?

Bad credit mortgages are just like your traditional mortgages provided by your local bank but they are available to home buyers or homeowners who suffer from bad credit, no credit or low income. These mortgages are provided through private individuals or companies that have a different set of approval guidelines than the traditional lending institutions. Unlike the traditional mortgage lender that evaluate your credit and income, these lenders are more concerned with the property and not you, the borrower. Their lending policy is based on evaluating the marketability of the property and the equity in the property.



Debt Consolidation

Lower your monthly payments by paying out high interest debt and credit cards

Renovate / Invest

Use the funds to renovate your home or as a down-payment for a new purchase

Mortgage Arrears

Pay out tax and mortgage backlogs to save your home from the province

Emergency Cash

Access to quick and easy cash to pay consumer proposal, judgements or urgent bills

Bad Credit OK

Your credit is not an issue, all credit types accepted

Past Bankrupticy

Your past bankruptcies won't stop you

Consumer Proposal

Pay off your consumer proposal
FAST 48Hr Closing

FAST 48Hr Closing

Fast approval & quick closing mortgages available

How Much Do I Qualify For?

Bad credit mortgages are provided for both purchases as well as equity take outs/second mortgages and the Loan to Value (LTV) ratio differs for first mortgages and second mortgages.

First Mortgage - In case of a first mortgage used to purchase a new property, the borrower(s) with bad credit can receive up to 80% LTV and need to put down the reaming funds form their own personal assets.

Second Mortgage/Equity Loans – In regard to home equity loans and second mortgages, the borrower can receive as much as 90% to 95% LTV depending on the location and type of the property. The approval is based on equity alone so as long you have equity, you can receive the funds you need.

Can I get A Mortgage If I am in Consumer Proposal or in the Mist of Foreclosure?

Yes and here is why: The bad credit mortgage lenders lend based on the fact that their money is secured by a real property and in a worst case scenario they can get their money out of the property; thus, as long as there is equity (in case of home equity loans/2nd mortgage) or sufficient down-payment in case of purchase, they will provide you with the funds you need regardless of the circumstance surrounding your current or past credit history.

How Long Does the Entire Process Take?

One advantage with bad credit mortgages is the fast turnaround time. Since these lenders do not qualify you based on your income and credit, the mortgage can be furnished in as fast as 2 business days once the property value or equity is established. Thus these mortgages are great options for homeowners that need cash for emergency situations or to stop a pending foreclosure due to late payments on their existing mortgage.

Easy and Simple

Why Choose My Services

Who are you calling? Ask yourself what happens if you just called RE/MAX or walked to their office to sell your home? Who would pick up the call? Would it be the best salesperson in the office? In fact the opposite is more likely. The chances are your call will be routed to the first person picking up the phone or you would meet those sitting around in the office because they don’t yet have enough experience/clients; and thus, you may not receive the level of service you had hoped for. Mortgages are no different. Therefore, it is absolutely critical to KNOW WHO WOULD BE WORKING ON YOUR FILE.

With access to OVER 500 PRIVATE LENDERS, I can approve mortgages that many other agents and brokers including those that specialize in bad credit and second mortgages cannot. I have built an extensive network of private lenders so that I can approve tough situations all around including in small towns and rural areas of Ontario.

Private mortgages are different from traditional mortgages in that it is up to each agent/broker to find his or her own source of private funds. Most agents have only a few lenders they use for every situation which results in high fees, rates and turn-downs due to the fact that not every lender is able to finance every area or type of property.

Since each applicant's situation is unique, I submit your request to the lender which can best serve your financial needs based on your location, type of property and LTV. This ensures that not only you receive the second mortgage funds you need on time but that you receive an outstanding service as well as low rates and fees. Contact me today to discuss your financing needs

Pay Off All High Interest Debts and Get a Fresh Start on Life

Take Back Control of Your Life - Substantially Lower Your Monthly Payments using a Low Rate Equity Loan

Current Mortgage Second Mortgage
Current Home Value $400,000 Current Home Value $400,000
$200,000 Existing 1st Mortgage = $1,163/month $200,000 Existing 1st Mortgage = $1,163/month
Before Taking Advantage of Home Equity $50,000 2nd Mortgage = $250/month
$20,000 Auto Loan @ 10.0% = $425/month Auto Loan = Paid
$20,000 Credit Card @ 18% = $600/month Credit Card Debt = Paid
$10,000 Store Card @ 28% = $300/month Store Card Debt = Paid
Total $2,488/month Total $1,413/month
You Save $1,075/month!!!