Sub-Prime Mortgages in Canada

Why are we so successful at arranging mortgages for our clients even after their banks turn them down?

Here are just a few of the reasons:

Not all banks use the same qualifying criteria; some banks are simply more conservative,
A mortgage broker in Canada is a licensed mortgage professional; your loans officer at the bank is not required to be licensed and more often than not is under trained,
Not all banks carry all the specialty products offered by the insurers; if you require a specialty product you need to work with someone who first off knows about the product and secondly where to find it,
Our mortgage rates are lower which means you qualify for more house; its simple math,
Some lenders still use the traditional debt service ratios that have been used for years versus the new much more liberal debt service ratios allowed by the insurers; the difference in mortgage amount is significant,
Banks don't have sub-prime mortgages in Canada if the insurers turn your deal down; mortgage brokers do,
Mortgage brokers have a vested interest in you as a client; if we don't find you a great mortgage we don't get paid (a referral fee by the lender); we try harder!

Contact one of our mortgage brokers today and let us evaluate your situation; there may still be sub-prime mortgages in Canada for you and your situation.