Common Sense Mortgages for Credit Challenges and Non-Conforming Income
Getting a mortgage for your next project is an event of great importance. With the lots of
moving parts involved in a transaction , the chances of encountering unexpected challenges are
high. We understand how it feels to hear a NO from your favorite bank just because you are not
fitting their policies. Here are some of the hurdles that you may get you declined for a mortage
from a traditional lender.
MAJOR CREDIT EVENTS
If you have done bankruptcy or a consumer proposal in past, good luck getting a mortgage. Though you may have performed your duties according as you promised while settlement you will always face questions with regard to your credit character.
With access to alternate lenders, we can get you approved despite having such events on your credit history. We work with lender who are ready to deal by common sense and your reason makes sense you get the financing.
SELF EMPLOYED.
Being self-employed provides you with freedom, but not in the case of mortgage. The willingness to understand the working of your business, your tax planning is seldom shown by the old school lenders.
Again, we got you covered. Sometimes it might not even be necessary to look at any tax documents and get your mortgage done for a property worth millions of dollars. How it works? You got to know what you are doing.
WHEN TIME IS RUNNING OUT
It is not uncommon to be overwhelmed by the document requests of the traditional lenders and at the end of the day its possible that they say no for wide variety of reasons just before the closing.
Or situation might be as dire as being in a foreclosure by your current lender. Worry not, we got it, as we work with lenders who can potentially close a file in 24 hours. We also deal with situation where a FORECLOSURE needs to be stopped.
All though these challenges are most common to see in the mortgage word there are other numerous ways when your mortgage approval gets stuck and it does not happen. Give us a your mortgage master a shout and we will find something out for you.
Ready to take the next step in your mortgage journey?
Contact us today for expert guidance and personalized solutions tailored to your needs.