Your Bank Said No, So Now What?

The Variable Rate Advantage
The Variable Rate Advantage
April 6, 2020
Your Bank Said No, So Now What

Mortgage lending is complex and stressful.

There have been several major changes to federal guidelines which have left Canadian homeowners challenged to find a solution whether you are purchasing a home or refinancing to access equity available in your current home.

You may have been told that your income or credit history is the reason why your bank or local credit union cannot approve your mortgage application. Other common issues include

* CRA arrears
* Non-traditional income
* Unexpected liens registered on title
* Foreclosure situation

If this has happened to you or someone you know, rest assured there are options!

Welcome to Alternative Mortgage Lending - a space that provides mortgage solutions that address your immediate situation. This space consists of national lenders with recognizable names and a history of assisting homeowners in the event of a difficult situation.

We recognize that each situation is unique and often clients fail to recognize that a mortgage with an alternative lender does not mean forever. We like to describe our approach as a Mortgage Recovery Plan. First we work with you to define your immediate goal - what’s most important to you? - and second, provide you with suggestions, and time, to get financially healthy so that we can transfer your mortgage back to a traditional lender.

To discuss your unique situation please contact us.

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