Meet Marie Copeland
Here to work for you not the big banks. Getting you bank or alternative financing for home purchase or refinancing a home mortgage is more than a job. It's a passion to help families and small business owners realize their real estate financing dreams.
Alternative mortgage financing (and bad credit loans Hamilton and Ontario wide) with 30 year amortization in Canada is for you when you can't qualify for mortgage with banks. If you've been going from bank to bank wasting your valuable time just to be turned down for a mortgage then you should stop ... it's not in your best interest. All banks have the same government regulations to qualify for mortgage.
Let's start by understanding how your mortgage application is treated by the Canadian mortgage market. When you want a home purchase loan, rental property financing, refinance a home mortgage or looking for ways to pay off debt, the mortgage market forces will place you into one of three categories below.
Good credit, good income needed to qualify. 2% stress test
Home purchase loan down payment
5% owner occupied / 20% down rentals
1 - 5 year terms
Stress test + 2% to qualify for a mortgage
Refinance a home mortgage | Debt consolidation mortgage
To 80% owner occupied / 75% rentals
Stress test + 2%
Serviced by the Banks, Credit Unions, Mortgage Companies and Insurance Companies
More flexible debt service ratios to qualify for mortgage
Equity home buyer loan | Mortgage refinancing Hamilton and Ontario wide | Debt consolidation bad credit
1 - 3 year terms
To 80% owner occupied / 75% rentals
Stress test + 2% to qualify for mortgage with one exception for near prime home equity loan. The best home equity loan No stress test is for you if you're a bit short on income to qualify for mortgage amount needed.
Learn about alternative income verification loans for small business owners
Home loan bad credit (bad credit score mortgages to purchase, refinance)
Dealing with divorce assets. Division of property in divorce and spousal buyout mortgage
Mortgages for the self-employed no proof of income loans
Refinance a home mortgage to save money
1st private mortgages, second mortgage home equity loan
Ontario and Hamilton house buyer | Refinance mortgage bad credit | Debt consolidation loans bad credit
Short 1 year terms
First mortgage and second mortgage home equity loan
Discharged consumer proposal & bankruptcy acceptable
Borrower must show they can make payments and property is marketable
Blanket mortgages on 2nd property possible
Prepaid terms possible with large equity
Outside of alternative lenders Ontario, the typical prime lending players are: Banks, Credit Unions, Mortgage Companies and Insurance Companies.
Banks are not risk takers and have similar complicated lending requirements such as good credit score and secure proven income on your tax returns. That's where you get a mortgage at best interest rates from a home buyer mortgage up to 95% to mortgage refinancing Hamilton and Ontario up to 80%.
While the Primes offer conventional purchase and refinancing a home mortgage services on approved credit, they prefer underwriting high ratio insured mortgages to mitigate their risk.
If you've been turned down by one bank going to other banks will not help. All banks use same government regulated qualify for mortgage rules. Each lender you go to will pull your credit and the next thing you know, your credit score drops even lower making your situation worse. This is where you should stop.
As Hamilton mortgage brokers we're here to give you professional mortgage tips and home mortgage help.
The Prime lenders do not provide alternative mortgage financing, such as a bad credit score mortgage. This type of real estate financing is offered by non-bank lenders through the mortgage broker Canada channel.
For Axcess Mortgage and Loans Financing Co. Ltd. PRIME MORTGAGE LENDING go to www.axcessmortgage.ca
Need a game changer? Ask me how to qualify for mortgage with best alternative lenders.
Marie Copeland FSU, a hard money loan broker helping you kick start your finances into high gear!
Alternative mortgage financing lenders and private money lenders rely heavily on the quality of your property and the area. The sub prime mortgage providers rarely lend in small towns under 75,000 people, run down neighborhoods with nearby commercial and industrial areas and property values under about $250,000.
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*Lenders change their products and interest rates regularly and without notice. Check with us for updates.
1 (905) 537-8815
Banks and AAA lenders pay us for your service. Some alternative mortgage financing and all private mortgage lending broker fees are payable by clients.