Alternative mortgage rates

Blender Mortgage rates

B lender mortgage rates, unlike those in the mainstream market, are not set in stone; rather, they are determined by the lender during the adjudication process. Various factors influence these rates, including:
  1. Credit score
  2. Timeliness of derogatory items
  3. History of bankruptcy or consumer proposal
  4. Collections activity
  5. Open and ongoing creditworthiness
  6. Property location (typically favoring major city locations)
  7. Type of property (municipal services vs. well and septic)
  8. Confirmed income vs. self-employed income
  9. Down payment amount
  10. Current B lender mortgage rates

Current B lenders mortgage rates

TERMConditionRATE
1 Yearin house pre approval
6.54%-7.19% GET THIS RATE
2 Yearsin house pre approval
6.39%-6.99% GET THIS RATE
3 Yearsin house pre approval
6.09%-6.39% GET THIS RATE
5 Yearsin house pre approval5.84%-6.84%GET THIS RATE

B lenders Canada?

Rest assured, we provide top-tier B lenders and private lending solutions. For additional details on our Alternative B lender mortgages, please don’t hesitate to contact us today at 1-877-237-2601. Curious about the required down payment? Explore our down payment requirements here.
Final note
Navigating the intricacies of mortgage rates can be daunting, especially when considering Alternative B lending options in Canada. Unlike conventional mortgages, where rates are typically set by mainstream lenders, B lending rates are subject to a range of factors that can vary from lender to lender. Understanding these dynamics is crucial for borrowers seeking financing solutions outside the traditional banking system. B lending rates in Canada are influenced by a multitude of factors, including credit scores, recent derogatory items, previous bankruptcy or consumer proposals, collections activity, property location, type of property (municipal services vs. well and septic), confirmed income vs. self-employed income, and the amount of the down payment. Each of these variables plays a pivotal role in determining the risk profile of the borrower and, consequently, the interest rate offered by B lenders. Additionally, the term of the mortgage can significantly impact the interest rate. Typically, shorter-term mortgages may offer lower rates compared to longer-term options. For instance, a one-year term may have a lower starting rate compared to a five-year term, providing borrowers with flexibility in choosing a mortgage that aligns with their financial goals and circumstances. It’s essential for borrowers to compare B lending rates from multiple lenders to ensure they secure the most competitive offer. While rates may vary, borrowers should also consider other aspects of the mortgage, such as prepayment penalties, flexibility in repayment terms, and overall customer service. Despite the perception of higher risk associated with B lending, recent trends have shown a growing demand for these alternative financing options in Canada. With increased competition among B lenders, borrowers may find more favorable rates and terms, making B lending an attractive choice for individuals facing credit challenges or seeking flexible mortgage solutions. For those interested in exploring B lending rates further or seeking personalized mortgage advice, our team is here to assist. Contact us today to learn more about our Alternative B lender mortgages and find the financing solution that meets your needs and objectives.

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OUR B LENDING RATES

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FIRST TIME HOME BUYER SPECIAL PROGRAMS

RMA Mortgages offers first time home buyer special mortgage programs to qualified borrowers. Click the links below for more information.
  • Mortgage for Self Employed Individuals
  • Mortgage for New Canadian Immigrants
  • Mortgage for Canada Non-Residents

HOW MUCH DOWN PAYMENT DO I NEED?

Use our quick table guide to give you a STRAIGHT, answer. No need to Guess!

BANK SAYS NO – WE SAY YES!

Alternative Mortgage Solutions fromfrom 2.54@%

BAD CREDIT MORTGAGE RATES

FROM 5.99%

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