Are you a Bankruptcy Trustee, Debt Manager or Credit Counsellor
or are you thinking of speaking to one?
We work with credit counsellors, bankruptcy trustees, debt managers and pretty much anyone who counsels clients on debt relief, debt consolidation or debt management. We also work with clients in need of credit counselling. With the numerous Canadian banks, trusts and alternative lenders, it is becoming easier to secure mortgage financing for the more difficult files. Competition has forced these mortgage lenders to consider all applicants and treat each mortgage application on its own merit.
The results have created opportunities for clients that are strapped with high interest debt to consolidate and refinance using their home equity and a first, second or third mortgage. Lenders will look past weak payment history, bad credit, bankruptcy, consumer proposals, unverifiable income, unstable employment and consider financing based on the equity in the home. In fact, some lenders will consider 90-100% refinancing with stable employment and a good mortgage payment history.
We have several options available.
- Mortgage Refinance or Debt Consolidation - Clients have the option of consolidating high interest debt into their current first mortgage by leveraging their home equity, freeing up monthly cash flow and lowering their monthly payments. At all times we ensure that clients are getting the best mortgage deal for them based on their situation by shopping all available Canadian mortgage lenders. For more information on private mortgages Click Here!
- Home Equity Loan or Second Mortgage - It is possible to take out a second mortgage on the equity in a clients home for up to 100% of its appraised value. A second mortgage or 'home equity loan' is a smart alternative to high interest credit cards and bank loans. The proceeds of the mortgage can be used to pay off and close other credit accounts or pay past due income or property taxes. For more information on private mortgages Click Here!
- Private Mortgages - In the event that a Canadian institutional lender is not willing to approve a first or second mortgage application we have access to several streams of private mortgage funds. The criteria for these mortgage lenders is less strict, decisions are made quickly, and funding is fast. Lending decisions are based on the whole story and not just a credit report. Private mortgage lenders will even consider blanket mortgages and chattel mortgages if other assets are available for collateral. For more information on private mortgages Click Here!
If you are in need of refinancing and would like to fill out an application please follow this link to our secure online application.
If you are a bankruptcy trustee, credit counsellor or debt management specialist we would like to work with you. We can customize a solution for you, your firm and your clients.
Feel free to Contact Us Online By Secured Form
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