Refinancing Bad Credit Mortgages

Want the Scoop on Bad Credit Mortgages from a North Vancouver broker?

Having bad credit doesn’t make you a bad person. Sometimes things happen and you end up falling behind on your payments. Things get worse and then before you know it, you have "bad credit." But you can still realize your dream of buying a home in North Vancouver with the help of a bad credit mortgage broker. Keep reading to learn more. of our bad credit mortgage brokers in North Vancouver without delay.

What Is a Bad Credit Mortgage?

A bad credit mortgage is simply a mortgage for people with bad credit. If you’ve had difficulty making payments to lenders in the past, you may have a bad credit rating. A bad credit rating can make it nearly impossible to get a bank to grant you a mortgage. You need the help of a mortgage broker in North Vancouver who specializes in bad credit mortgages like Rala Investments.

What Are My Options?

If you have bad credit, you may feel like you’ll never be able to own that home in North Vancouver that you’ve always dreamed of. But this isn’t necessarily true. There are a number of options we can discuss with you to get you on the path towards homeownership:

  • Credit repair—If you have bad credit, we can help you get back on track so that you are in a better financial position when you do decide to apply for a mortgage.
  • No Credit Check Mortgage—If you have bad credit but can afford a larger down payment, then a no credit check mortgage may be right for you.
  • No Income Mortgage—We can arrange a mortgage for you even if you have no verifiable proof of income.
  • Subprime Mortgage—Even if you have a history of bad credit, you may still be able to qualify for a mortgage. A subprime mortgage can also be a short-term solution for those going through a temporary rough patch.

Pay Your Bad Credit Mortgage Quickly

If you have a bad credit mortgage, talk to one of our North Vancouver mortgage brokers about refinancing so you can get a better rate and negotiate payment options that will help you pay off your mortgage more quickly. Here are a few of the payment options that can help you save a bundle:

  • Maximizing your prepayment allowance
  • Making weekly or bi-weekly payments
  • Increasing your repayments annually
  • Taking advantage of early renewal options

A bad credit mortgage broker from Rala Investments can help you secure a mortgage even with bad credit so that you can buy the home you’ve always wanted. Don’t let bad credit stand in your way. Contact us today to book a consultation with one of our bad credit mortgage brokers in North Vancouver without delay.