Mortgage Intelligence

Oshawa's Mortgage News Desk!

Bruised or poor credit holding you back from homeownership? 

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Image by courtsey of blog.credit.com

Image by courtsey of blog.credit.com

Have you been in a situation where your debts have accummulated but you’ve not had to file for bankruptcy or a consumer proposal? Your bruised/poor credit feels like a heavy dark cloud hanging over your shoulder and holding you back from becoming a homeowner? Don’t assume that homeownership is out of reach for you, until you have spoken to a mortgage broker and had your financial circumstances assessed. Homeownership maybe possible, despite bruised or poor credit. Here’s what you need to understand:

  • You will be required have to least 20 percent downpayment (under certain circumstances this could be around 10 percent);
  • Interest rate will be in the region of 5 – 10 percent;
  • Show stable employment & monthly income;
  • Closing costs could include both lender & broker fees.

We can assess your situation and present you with solutions based on your financial needs. Contact the team at MiMortgage.ca to speak an expert now.

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Author: mimortgage.ca

David Hetti is a full time Mortgage Agent with Mortgage Intelligence (FSCO Lic MO8002434) David is the Director of Operations at Mortgage Intelligence Oshawa and heads a team of full time licensed Mortgage Agents serving all of Ontario. David is also a licensed Insurance Consultant.

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