Mortgages For Bad Credit
Bad Credit got you worried?
Our experts can help you find the right tools and best mortgage solutions.
Are you worried that your credit score is holding you back from getting a mortgage?
Traditionally, credit history is a token of assurance for lenders. Based on your credit score lenders decide whether you can make regular payments toward your mortgage. However, bad credit history doesn’t always mean bad money management. Sometimes, life gets in the way; job loss, illness, loss of a loved one, can all contribute to difficulty in making monthly payments.
Thankfully, not all lenders look at credit history the same way, and not all make judgements based solely on it. The value of the property, its location, and your current financial situation are all contributing factors when it comes to getting a mortgage.
Your dream home is now within your reach
Let us help you buy the home you’ve always wanted. Our expert brokers will be in touch and guide you through the entire process.
Your situation is unique, so should your mortgage solution.
For whatever reason, if you do have a bad credit history, you can increase your chances of securing a mortgage if you can arrange for a down payment of 20% or more. This will help increase your credibility against those who may offer a lesser down-payment. A weak credit history may also result in higher charges paid to lenders for processing your application. Generally, lenders may charge up to 1% of the mortgage loan value for such applications.
Although you may start off paying higher fees and rates, it doesn’t have to remain that way! Our experts can help you access the right tools to get your credit back on track, leading to lower lending rates. We can provide personalized advice and a solution that fits your needs. Get in touch with us today!
