Bad Credit Solutions
Bad Credit Mortgages
Your credit score is a snapshot, not your whole story.
Life happens. Divorces, job losses, or medical issues can lead to missed payments, collections, or even bankruptcy. While the Big Banks might turn you away, your home equity can often provide the solution to get you back on track.
The Path to Recovery
The first step is usually using your home equity to clear any outstanding collections or high-interest judgments. This stops the damage to your score. We then place you with an alternative lender for 1-2 years while we coach you on rebuilding your credit profile.
Post-Consumer Proposal
A homeowner in North Battleford was one year out of a consumer proposal and needed to refinance to pay off the remaining balance.
The Result
We used a private lender to pay out the proposal in full. After 18 months of clean payments, we moved them back to a more favorable lending tier.