Bad credit mortgages are possible, but not from your bank. If you have some bad credit you may leave the bank disappointed that they cannot help, even when you have banked with them for many years. They don’t ask why … they just say “NO” your application is declined and your dream is over. Don’t
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You may have some bad credit so the banks treat you like a second rate citizen and make it hard to get a home loan, but a non bank broker can get you a bad credit home loan. A bad credit home loan with a non-bank lender may be more expensive than a standard bank
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Last week I was contacted by a very concerned man who needed a mortgage rescue. He left his job last year and set up his own business and while things have been ticking along quite well, a few months ago he had done a large job, was paid the 50% deposit but is still waiting
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