Mortgage options for a bad credit score
By Jonathan McClap
Edited by Admin
Back to Home

Mortgage options for a bad credit score


I have made a couple of mistakes in the past and now my credit is pretty bad. I really want to buy a home to start a family in but I have a bruised credit score. (low credit score due to bankruptcy) am I still eligible for a mortgage?

 

Can Canadalend help me?

Answers
By Canadalend
 Most Canadian banks will not approve a mortgage loan for those individuals who have a low credit score (below 600), if you are in that situation you will have to look for a “B lender” or a “subprime lender”.
 
Financial institutions as such work exclusively with individuals who do not have an ideal credit score. If someone’s credit is extremely low or even perhaps involving a bankruptcy a broker will find a private mortgage lender for your mortgage loan. 
 
Contact the Canadalend team for more information about the mortgage options available to you. 
 
Back to Home
#CANADALEND #Badcreditmortgage
4 comments
Level 6 (XP: 2400)
Canadalend
7 years ago
Thank you for the feedback
Level 3 (XP: 950)
ASjane
7 years ago
I agree I am thankful for this informative info. many people are reluctant to go ask for a loan with bad credit score but with you suggestions they are knowledgeable of how to go about it.
Level 11 (XP: 5400)
Ms.Campbell
8 years ago
I know how difficult it can seem to try and get a loan with bad credit, agreed, at least theres help out there
Level 4 (XP: 1150)
crazycatlady
8 years ago
well at least there is help else where, at least the mortgage brokers can assist someone with bad credit.

Reviews

4 member reviews
Write Review
    By Mark
    Thank you Canadalend for helping me with mortgage approval advice.
    By RHamilton
    so hellpful with their responses to mortgage related questions
    By crazycatlady
    The Canadalend team helped me when I had no where else to turn. Thank you so much
    By Flux
    Very Helpful financing and lending information!
Load More
Featured On
featured_on