Bad Credit Mortgages – Get Approved
Navigating the mortgage world can feel overwhelming—especially when your credit is less than perfect. Many Canadian homeowners find themselves facing financial challenges such as missed payments, job loss, rising debt, or tax arrears. If your credit score has taken a hit, traditional banks may refuse to help. But being declined by a bank doesn’t mean you’re out of options. In fact, it may open the door to better, more flexible solutions—starting with home equity loans or home refinance programs built specifically for people with bruised credit.
These are often referred to as bad credit mortgages, though the real focus isn’t your credit—it’s your equity. Homeowners who have built up value in their homes can often qualify for financing even after the banks have said no. Whether you need to catch up on your current mortgage, stop foreclosure, pay off high-interest debt, or just get some breathing room, using your home equity can be a powerful and realistic option. Bad credit mortgages are actually less complicated than most people think. In fact, bad credit mortgages are very straight forward and approvals are based on equity not credit or income.
Unlike traditional big bank that often insure mortgages through CMHC (Canadian Housing & Mortgage Corporation) that put heavy emphasis on your credit score and income documentation, many alternative lenders take a more flexible approach. When lenders are approving bad credit mortgages they look at the overall picture: your property value, your available equity, and your ability to move forward. These lenders offer short-term relief when life gets messy, often with terms designed to give you time to recover and rebuild.
For homeowners facing real financial pressure, home equity loans and refinance solutions are more than just quick fixes—they’re often a vital step toward long-term stability. Many of these loans can be prepaid for the full term, removing the stress of monthly payments and letting you focus on getting back on your feet. The can even be used to stop foreclosures on 1st & 2nd mortgages.
If you’ve been denied by your bank or just need a second opinion, TurnedAway.ca works with one of the largest lender networks in Canada, providing real solutions for real people. Whether you’re in arrears, behind on property taxes, or just need access to your home’s equity, help is available—and it starts with a click.
In the sections below, we’ll explore how home equity–based financing works for bad credit, what to expect during the process, and how to position yourself for success—even if the big banks have closed the door.
Who Are Bad Credit Mortgages For?
Bad credit mortgages are designed for homeowners who may not qualify under traditional bank guidelines due to financial hardship, credit issues, or past missed payments. These mortgage solutions are not just for people with poor credit—they’re for anyone who has been overlooked by major lenders despite having real equity in their home.
In Canada, thousands of homeowners face challenges that make qualifying for conventional financing difficult. You may benefit from a bad credit mortgage if you:
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Have a credit score below 600
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Have been turned down by your bank for a refinance or renewal
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Are behind on your mortgage payments or in arrears
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Have outstanding property taxes or CRA debt
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Recently filed for bankruptcy or a consumer proposal
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Are facing foreclosure or power of sale
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Need to consolidate high-interest debt to free up cash flow
The beauty of bad credit mortgages is that they focus less on your credit score and more on your home equity. If your property has sufficient value and you have a clear exit strategy or plan to recover financially, you may be eligible for funding—even with bruised credit.
Unlike banks, which rely on rigid underwriting rules and internal credit thresholds, alternative lenders and private lenders offering bad credit mortgage solutions use common sense. They take into account your current situation, your repayment potential, and your home’s market value. This flexibility makes bad credit mortgages a powerful financial tool for homeowners going through temporary hardship.
In many cases, these mortgages are structured as short-term, interest-only solutions—often for one or two years—giving borrowers time to improve their credit, pay down debt, or recover from a financial setback. Once your situation improves, you can often transition back to a traditional lender at a lower rate.
If you’ve been told no by your bank, a bad credit mortgage could be your second chance—not just to borrow, but to rebuild. It’s about looking forward, not backward—and using the equity you already have to take control of your financial future.
Call Us: 1-855-668-3074
What is a Bad Credit Score in Canada?
In Canada, credit scores are numerical representations of an individual’s creditworthiness, typically ranging from 300 to 900. These scores are calculated based on various factors, including payment history, credit utilization, length of credit history, types of credit accounts, and new credit inquiries.
Generally, the credit scores below 560 may fall into the category of bad credit, depending on the credit bureau and scoring model used. However, it’s essential to recognize that different lenders may have their own criteria for assessing creditworthiness. Contact us today to know more about your eligibility.
Get Approved Even with Bad Credit – Apply Now!
Get Approved Now! Complete our secure 90-second application today. Call Us: 1-855-668-3074
How to Get a Mortgage with Bad Credit?
Many institutional and alternative lenders in Canada still approve bad credit mortgage loans without looking at credit or income, and these are:
- Credit unions
- Alternative Lenders
- Private lenders
Equity is often more critical than credit for these lenders, and a larger down payment increases the chances of approval.
Apply now and get started on your journey to financial freedom!
Work with Subprime or Alternative Lenders
Subprime and alternative lenders specialize in offering mortgages to borrowers with less than perfect credit. They willing to overlook various credit issues and often lend clients with:
- An unpaid payday loan(s)
- Debt problems
- Consumer proposal & bankruptcy
- Revenue Canada debt
- Property tax arrears
- Mortgage arrears
In short, no matter what your credit score is, there is a mortgage lender for bad credit in Canada. All you need is equity and knowing where to go.
Contact TurnedAway.ca
TurnedAway.ca is a financial bridge that connect borrowers to subprime and alternative lenders. Contact us to explore your options and increase your chances of approval.
We’re willing to help you, so don’t hesitate to apply today and take the first step to homeownership.
Don’t Let Bad Credit History Stand in Your Way
We understand that buying a home can be difficult, and we are here to guide you through the process. Apply for mortgage loan with bad credit now. Call Us: 1-855-668-3074!
Start Your Journey with Turnedaway.ca Today!
At Turnedaway.ca, we specialize in mortgages for bad credit, providing expert guidance, and connecting you with lenders, we’re here to assist every step of the way.
If you’re an existing homeowner with equity in your home and looking to navigate the complexities of bad credit mortgages, or if you’re seeking flexible, customized mortgage solutions, we’re ready to help. Let us pave the way to your new home, and beyond.
Customized Solutions
Every borrower is unique, and so are our loan terms, designed to fit your specific needs and circumstances.
Flexible Qualifications
Our network of lenders offers more lenient qualification requirements, making approval more accessible.
Empower Your Finances
Take advantage of higher loan-to-value ratios, giving you more borrowing power against your home equity.
Versatile Financial Tool
Consolidate debt, fund home improvements, cover emergency expenses, or resolve property arrears and bankruptcy scenarios using your home equity – all achievable with a bad credit mortgage.
We can Help You Get Mortgages for Bad Credit
We simplify mortgage processes and ensure you get the best rate for your loan. Call Us: 1-855-668-3074!