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Bad Credit Mortgage Solutions

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How to Get Approved For A Mortgage with Bad Credit


Bad Credit Mortgage Lenders In Canada

There are three types of bad credit mortgage lenders based on your credit score:



Banks do make exceptions on credit score. based on the overall strength of the borrower. bad credit mortgage lenders in Canada


trust & Loan companies

Come up with an educated guess based on your research. bad credit mortgage lenders in Canada


Private mortgage lenders

Lending based on home equity regardless of income and credit. bad credit mortgage lenders in Canada

These are general guidelines. Lenders change their policies and product offerings constantly.

We have direct relationships with all types of bad credit mortgage lenders, which helps us to get you the best deal!

Let our experienced bad credit mortgage brokers find the product that suits your specific situation.

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Which Type Of Bad Credit Mortgage Is Right For You?

Which Type Of Bad Credit Mortgage Is Right For You?


Take out up to 85% of Home equity

If you are a home owner with equity in your home, you can borrow up to 85% of your home value despite bad credit.

If your existing mortgage is with one of the banks, we can help you borrow additional funds with a 2nd mortgage. If Your 1st mortgage is with a private lender, we can refinance your private mortgage at a lower rate.

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Which Type Of Bad Credit Mortgage Is Right For You?


buying a home with bad credit made easy

Bad credit happens, but don't let it stop you from buying a home! There are many things you can do to compensate for bad credit, such as showing good recent payment history, or saving for a higher down payment. Let us guide you through the home buying process!
We have direct access to 40+ bad credit mortgage lenders. Therefore, we can offer you the lowest rate and best bad credit mortgage options you wouldn't be able find anywhere else!

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Bad Credit Mortgage Rates and Fees

Get Approved with the Lowest Bad Credit Home Loan Rates Today!
  • Bad Credit 1st Mortgages Start at 3.69%
  • Bad Credit 2nd Mortgages Start at 6.99%
  • Fast Approval within Hours
  • No Income Verification
  • Bad Credit and Consumer Proposals are Ok
  • Lender Fees Ranges from 1%-4% Depend on Your Specific Situation
Talk to Us to Get Qualified
Bad Credit Mortgage Rates and Fees
The Better Mortgage Broker

Why We Are The Best Bad Credit Mortgage Broker

Getting a Mortgage with Bad Credit is Like Finding An Oasis in a Desert. Let Us Help!

Effortless Mortgage

  • Lowest rates because we are direct-to-consumer
  • Shop the best options from 40+ bad credit mortgage lenders
  • Transparent with no hidden fees
  • Fast approval within hours

Other Private Mortgage Brokers

  • Use intermediaries. Therefore higher rates.
  • Only send your deal to 1 to 3 lenders
  • Hidden fees for NSF and at renewal
  • Takes days or weeks. May turn you down last minute
Effortless Mortgage

Bad Credit Mortgage FAQ's

Bad Credit Happens.
Let Us Help You Move On.
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What is a Bad Credit Mortgage?

A Bad Credit Mortgage can help borrowers with lower credit scores to buy their homes. If your credit score is less than 600, you will need a Bad Credit Mortgage.

Can I get a home loan with a 500 credit score?

Yes! Some private lenders will consider credit scores 500 or below. As long as the property is in a good condition and in a marketable area, you can get approved for a mortgage.

Where to check my credit score?

There are three ways to check your credit score:

  • You can check your credit scores with Equifax or TransUnion. These are the two main credit rating agencies that have your credit history. It's free to check your credit with Equifax. It costs about $20 to do a one-time cheque with TransUnion.
  • You may be able to check your credit score in your banking app. If you are with one of the Big Five banks in Canada, likely your banks have your credit score. Some banks allow you to check your credit score in you online banking app. Contact your bank to find out whether you are able to do that.
  • You can check your credit score on 3rd party sites, such as Credit Karma. One drawback is that the credit score from a 3rd party site may not always be accurate. It's often overstated. We do not recommend you make home purchase decisions based on that.

How can I increase my credit score?

Here are a few things you can do to increase your credit score:

  • DO NOT max out your credit card. To improve your credit score, try to use less than 50-60% of your credit card limit each month. Consistently using more than 90% of your credit card limit can hurt your credit score.
  • Pay your bills on time. One late phone bill here and there may seem to be harmless, but they add up. Try to set up automatic payment with your phone and utility company so that you are always on time
  • Consolidate your debt. If you are already a homeowner, you can refinance your credit card debt into your mortgage. It will help lower your monthly debt payments and improve your credit.
  • Limit the number of "credit checks". Every time you apply for a mortgage or any other credit product, your credit score will get a small "hit". Shopping your mortgage with a few different lenders can lower your credit score. When you work with us, we only pull your credit score once. Then we shop the best deals on your behalf among different lenders, which will not impact your credit.

Can I qualify for a mortgage after a consumer proposal?

Yes! The past shouldn't dictate the future, and everyone deserves second changes! Lenders usually would like to see 2 years of credit history after you pay off your consumer proposal. Open at least 2 new credit product can also improve your chances of getting a mortgage.

Can I qualify for a mortgage after a bankruptcy?

Yes! You can start applying for a mortgage 2 years after you are discharged from bankruptcy. That's usually how long it takes to rebuild your credit if you can stay on top of your debt obligations.

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