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Sub-Prime Mortgages

If you have been turned down for a mortgage by your bank, you have come to the right place! We have great sub-prime mortgages for those clients who don't qualify at the banks due to bruised credit or insufficient income to meet the banks qualifying ratios. Recent changes to CMHC policy make it more difficult to qualify even for our prime borrowers; talk to us today about the options we have for clients with poor credit.

The banking system today relies very heavily on a clients beacon score (credit bureau score) to determine whether a client is credit worthy. The problem with using the beacon score however is that so many different factors can bring down a clients credit score that have little or nothing to do with the clients past repayment history. These types of situations are the most common form of sub-prime mortgages; low beacon scores. Our sub-prime mortgage lenders don't see these clients as high risk, and are more than willing to approve them for a mortgage assuming the rest of the application is acceptable. The mortgage rates will obviously not be the same as the best mortgage rates you see on our site but they are a great alternative.

Another factor in a lot of bank turn downs are the debt service ratios that the banks (and insurers) have determined to be the maximum a client can service based on the clients provable income. When you work with one of our professional mortgage advisors, we will analyze your situation to see how we can restructure your debts to get your ratios back in line. We also recommend signing up for our credit rehabilitation program at the same time to improve your credit score.

The rates on these mortgages may not be our best rates, however the product may be exactly what you need to get into the home you want today.

Sub-Prime Mortgage

Best Mortgage Rates
TERM BEST RATES
Variable Sale!!   2.25
1 Year   2.29
2 Year   2.24
3 Year   2.34
4 Year   2.49
5 Year Sale!!
2.54
10 Year   3.64
Bank of Can Rate   4.64

These Mortgage Rates Are Updated Daily


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