Etobicoke Mortgage Broker
A Bad Credit Mortgage or as well call it "Bruised" Credit, can be a great solution for someone who is willing to purchase or refinance but take a slightly higher rate on their mortgage.
Many people go through tough times and there is no reason why home ownership cannot be attainable for these types of clients as well.
A Bad Credit Mortgage will typically require a 20% down payment or equity if looking at Refinance with higher rates and/or lender fees.
Paul Kostashuk only wants his clients to be in a Bad Credit Mortgage for the short-term and we put together a plan so homeowners can improve their Credit over time, with the hopes of being able to switch back to an "A" lender in 1-3 years. A Bad Credit Mortgage can be a good solution when the "A" lenders and banks say No.