DEBT CONSOLIDATION

DEBT CONSOLIDATION AND YOUR MORTGAGE

Bad credit mortgages. Welcome to CanadianMortgageFinder.com – Your Trusted Source for Bad Credit Mortgages in Canada!

Are you facing challenges securing a mortgage due to a low credit score or previous rejections from traditional banks? Look no further! We specialize in providing tailored solutions for individuals seeking “bad credit mortgages” in Canada.

Since our establishment in 2003, we have been the go-to broker for those with less-than-perfect credit. Our expertise lies in navigating the complexities of the mortgage landscape, particularly with B lenders. These include banks, trust companies, credit unions, and private lenders, all willing to lend to individuals with low credit scores.

Type of mortgage are you looking for

WHAT DOES A DEBT CONSOLIDATION MORTGAGE LOOK LIKE?

Below are examples of debts to merge:

• Credit cards, loans and interest only line of credits
• 1st ,2nd and more mortgages or liens registered against your property
• CRA ( Revenue Canada Tax Liens) or wage garnishments
• Unpaid property tax
• Judgements
• Personal debts not reported on credit bureau
• Collections and written off debts

What type of mortgages qualify for debt Consolidation?

We can set up a new 1st mortgage or 2nd to merge all your debts .

• Equity Second Mortgage

An equity 2nd mortgage makes sense when there may be no benefit to pay off our current 1st mortgage. In this case a 2nd mortgage is ideal. It is quick and funds accessed with ease regardless of income or credit.

• Equity Line of credit

This is a good alternative to a 2nd mortgage because you can access funds over again as you pay down you line of credit. Once set up it will serve the homeowner for many years.

• Rates

Mortgage rates depend on one’s credit. They are similar if you are buying, refinancing, or consolidating.

For borrowers with good credit, they will enjoy our best bank rates, just as if you were purchasing.

2nd mortgage rates and pricing differ from 1st mortgage. 2nd mortgages carry a higher rate because of they pose a higher risk to investors.

We would be happy to discuss your consolidation needs.

Please email or contact us at 1-877-237-2601

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