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Mar 5, 2008... never give up hope on a Canada Home Loan
Even if you have terrible credit, never think that a lender
won't take a chance on you. I've provided Calgary equity
loans and Vancouver mortgages to people who thought their credit
was beyond hope. The rates may be higher, and sometimes
there are fees, but quite often, it can be a better option than
paying the high interest rates of credit cards. For some
information on discount Canadian mortgages,
click here
Mar 3, 2008... new national mortgage broker, Home n Work Mortgages
Inc.
An exciting new BC mortgage broker agency has just open it's
doors. Home n Work Mortgages, based in Victoria BC is
looking forward to better servicing Canadian borrowers with more
mortgage options and greater service. Now Vancouver equity
loans and British Columbia first mortgages will be more
accessible. For more information on Canada loans,
click here
Mar 1, 2008... sub-prime lender closes.
Accredited Canada, a Canadian sub-prime lender, just recently
closed it's doors. They were US owned, and one of the
reasons they closed is because of the current problems in the
States. But this should not be a worry to sub-prime
borrowers in Canada. There are still plenty of sub-prime
Canadian lenders willing to lend money to borrowers with less than
perfect credit. To learn more on how to get a British
Columbia debt consolidation loan, complete the form above, or
click here
December 28, 2007... Vancouver home loan info.
Don't let a poor credit history dissuade you from applying for
a mortgage. There are many lenders in British Columbia who
will look beyond just the credit bureau "score". They will
listen to your story and determine whether you are a good credit
risk. They realize that sometimes misfortune befalls people,
and that they deserve a second chance. To find
out more information on how to get a Vancouver equity
loan in BC, fill out the form above, or
click here
December 17, 2007... British Columbia mortgage news?
In local news, Quest Mortgage Investment Corporation has
announced new management changes that will alter the way it
currently does business. They are operating as a MIC
(Mortgage Investment Corporation) and their plan is to become the
largest mortgage investment corporation in Canada. To find
out more information on how to get a Canada debt consolidation
loan in British Columbia or Ontario,
click here
December 13, 2007...What is a subprime borrower?
A subprime borrower is someone who has less than perfect
credit, maybe caused by not paying bills on time, previous
bankruptcy, collections, etc. The result is a low credit
score. This type of client cannot get a conventional
mortgage from the bank. So the subprime borrower gets a loan
from a subprime lender. The rates and, sometimes fees, are
usually higher than conventional lenders, but the client is at
least able to qualify for a loan. To get more information on
a Canadian broker loan,
click here
December 9, 2007...US predicts subprime woes will last another 2
years
Unlike Canada, the US market has been suffering through a
subprime lending crisis. Subprime loans is where you give
people with bad credit a mortgage. The problem in the States
is that the lenders didn't ask for a downpayment. So you've
got borrowers with poor credit, poor job history, and no
downpayment getting mortgages for 100% of house value. The
see how things are done properly in Canada with a British Columbia
mortgage,
click here
US lenders are gouging clients
It has come to light that US lenders, such as Countrywide
Financial Corp, have been unnecessarily and illegally adding fees
and charges on to mortgages. And these are with clients that
should have never got into a mortgage in the first place.
The troubles we see in the US have not happened in Canada because
our mortgage regulators are very strict on what lenders can do.
For more info on bad credit loans in Ontario,
click here
Loan for a Canadian with bad credit
With a
loan for a Canadian with bad credit, how long does it take to complete an Alberta mortgage?
If all Alberta mortgage information requested by
the lender (i.e. Income verification, down payment verification
and property details) is given to the broker in a timely matter,
then the transaction can be completed in as little as 2 weeks...more
Canadian Debt Consolidation Loan
The
truth, with a Canada
debt consolidation company, is that the bank will probably
offer you a discount from their posted rate if you are a
good client with good credit. The trick is to know which
banks will go the lowest, when, and why! We make it our
business to find clients the best rates, from every
source. I've had a number of clients who have been
disappointed with their bank because they were not offered the
lowest rate....more
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