Alternative or B Lending Solutions
Many Ontarians seeking mortgages are facing rejection from major Canadian banks, especially if they are self-employed. Banks often decline applications based on small details related to income and credit reports, as they have specific criteria and lending guidelines.
It's important to realize that Canadian banks prefer clients who fit their ideal profile, and if you deviate from their standard model, you may be denied the mortgage you need.
How We Can Assist.
Subprime mortgage lenders, also known as "B" lenders, understand that not everyone fits the big banks' criteria. They are open to working with a diverse range of clients in Ontario, including those with poor credit scores and those who may struggle to demonstrate satisfactory income, a common challenge for many self-employed individuals.
Having multiple lenders compete for your business is a smart way to ensure the best rate. We work with various lending institutions, giving us negotiating power to find the ideal mortgage for your specific situation.