Are Bad Credit Mortgages Really Better than Conventional Mortgages?

If you really want to repair your credit, a bad credit mortgage could be the right thing for you – just make sure you have the right Toronto mortgage broker on your side like us! We’ll help you look over your credit, understand your financial situation and really know what decision will help you move forward. Bad credit can happen to anyone, but it’s important that you get on the path to repairing your credit and a brighter future. Let us help you find the right mortgage that fits your needs and your budget, a mortgage that you can live with now and in the future.

What is a Bad Credit Mortgage?

They’re just like any other mortgage you get, but they’re formulated more for people with bad credit. When you have bad credit you’re going to come up against all kinds of obstacles – from high interest rates to distrustful lenders you need to have someone on your side that can help you get the best deal. When you work with us as your Canada mortgage broker you’re going to get all the help you need to find a mortgage and a lender that fit your unique situation.

Do They Cost More than Conventional Mortgages?

No, as long as you’re working with the right lender! There are so many predatory lenders out there that are looking to fleece you – do you know the difference between a bad deal and a fraud? Hopefully not, don’t find out the wrong way when you can have us help you. A bad credit mortgage will be formulated to fit your needs with the notion of rebuilding your credit in mind. No one wants to end up with a bad mortgage just because they made a mistake, and when you’re looking at mortgages you need one that’s going to fit your needs.

Which One is Right for You?

If you have a FICO score under 600, you will almost always need a bad credit mortgage. If you have slow pays or no pays in your credit history, or you’re getting a second mortgage to settle debts, a bad credit mortgage is going to help you. If you have decent credit and you don’t have a bad history when it comes to your payments, you’re going to want to think more about taking out a conventional mortgage. Why pay more on your mortgage than you have to when you can get the right one, a bad credit mortgage that will help you rebuild your credit and get on the road to being debt free. It’s your time.

Call Us and Save Today!

We as Toronto mortgage brokers can help you understand where your credit situation is now and where it’s heading in the future. Don’t get stuck with a mortgage that’s all wrong for you when you can get the one that helps you not only rebuild your credit but get on the road to being debt free. Give us a call today and see what we can do for you.