FAQ

Can I still get a mortgage if I have bad credit or no credit? +

Although traditional lenders may turn you away if you have bad credit or no credit history, we can still help you get the mortgage you need. All you need is equity in your property to be approved for our mortgage products. 

How quickly can you approve my request? +

Unlike traditional banks that keep your applications in underwriting for weeks, we review your application the same day you submit it. As long as everything is included, and we do not need additional information, we can get you a preliminary approval within 4-12 hours. 

Is there a cost to submitting a mortgage application? +

NO! We will never charge you fees to apply for any of our services. If any product should have up-front costs, which includes a service such as appraisals, you will be advised of those costs upfront. You will only be responsible for fees of this type after you have obtained your preliminary approval and all the fees have been reviewed with you. 

What if I have been turned down for a mortgage due to my income, bad credit, employment history, bankruptcy, self-employment, commission status, divorce, new residency, or any other reason? +

We specialize in helping people who may have been turned down by traditional lenders for reasons like these. We have access to a huge pool of private funds set aside specifically to help individuals just like you get the financing you need despite these common problems. Your credit, employment, and other issues will not stop you from obtaining a mortgage or other product as long as you have built sufficient equity in your home. 

Will I still qualify if I have filed bankruptcy? +

As long as you own a home with equity, we can still help you refinance your home, even if your bankruptcy has not yet been discharged. If you want to purchase a home, we can help you obtain a mortgage as long as your bankruptcy has been discharged and you have a sufficient down payment to proceed. 

How will I know whether I qualify for a mortgage? +

While traditional lenders may require a certain credit history to qualify you for a mortgage, we can qualify you based on numerous different factors. For example, if you are interested in an equity loan, you don’t have to provide any income qualifications at all. Some of our other products might be available to you if you are creditworthy and you have a reliable salary. We realize that every person is different, and every situation is different, and this is why we are experts in finding the right products for your needs. 

What do you mean by “mortgage terms”? +

Mortgages come with a variety of different terms, including fixed or variable rate interest for terms of a few months to a decade, and payments may stretch out over a term of 15 to 40 years. The term simply refers to a length of time. 

What is CMHC +

CMHC stands for Canada Mortgage and Housing Corporation. It is a federal entity that exists to help potential homeowners buy homes without the standard 20% down payment. It does this by evaluating the buyer and the property, then insuring the mortgage to help reduce the lender’s risk. You will pay the premium each month as part of your mortgage. In this way, if you have less than a 20% down payment, you can still purchase a home. 

Where can I call if I have questions? +

You can call us at (866) 342-5099 or (416) 800-8808 between 9am and 10pm seven days a week if you have any questions about our products, services, or methods before you fill out your application online. Ron and Warren will be happy to help you. Otherwise, you may fax your questions to (905) 709-3033. Ron or Warren will be happy to answer all of your questions.

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