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High Risk Mortgages – Equity-Based (Approved on Equity, Not Credit or Income)
When a bank turns you down for a home equity loan or a home equity line of credit (HELOC), you might be tempted to give up. Who else, but your bank, will loan you all of that money? We won’t turn you down based on credit or income alone – a high risk mortgage (bad credit mortgage) is still an option. We have multiple mortgage solutions that work for everyone – even people who don’t have a perfect mortgage application. We’ve been helping Canadians get approved for first and second mortgages for decades. Whether you’re buying your first home, leveraging equity to consolidate debt, or taking out a second mortgage – we can help you too.
Let us assist you with:
- Debt consolidation.
- Stop a foreclosure.
- Pay off Canada Revenue debt.
- Catch up on property tax arrears.
A High Risk Mortgage Could Be For You
If you’ve been facing challenges in your home financing journey, a high risk mortgage could be the solution you’ve been looking for.
We work with lenders who are willing to overlook a poor credit score or unique income situation. If you’re self-employed, have a past bankruptcy or consumer proposal on your record, or have damaged your credit in any way, a mortgage broker can help you shop for the right lender.
Bad credit/high risk mortgages can be a great fit if:
- You’re self-employed and unable to verify your income (at all or at true value).
- You’ve filed a past or present (ongoing) bankruptcy.
- You’ve filed a past or present (ongoing) consumer proposal.
- You’ve lost your job or off work, including for medical or caregiver reasons.
Whatever is happening in your life right now, let us review your borrowing options – a high risk or bad credit mortgage could be for you. Our lenders won’t require that your income or credit history fit into a perfect box to qualify for your next home equity loan.
If You’ve Been Turned Away – You Should Turn to Us
Let TurnedAway.ca be your go-to place when you need to refinance mortgage payments and get your money back on track again. Apply online today and be approved for your next home equity loan in as few as 24 hours! We get mortgages approved.
We’ve helped a lot of people. See what they have to say!
Marilyn & Bob T
We can’t thank you enough for all your help with our mortgage. We were skeptical about filling out an online application but we had tried several banks and due to our credit, couldn’t find anyone to help us. Getting a call within 15 minutes of submitting our application to go over the application put my mind at ease but my husband and I were both shocked to receive a call the same day with an approval. We are still amazed at everything you did considering how difficult the banks made our situation sound. Again, from the bottom of our hearts thank you so much!
Marilyn & Bob T, Whitby Ontario.
Dave & Sharon S
My wife and I felt completely lost and didn’t know where to go after being declined by our bank of 18 years. We were so relieved once you advised us there are still lenders that value a mortgage based on merits other than just your credit rating. We had never missed a payment on our mortgage for 18 years and to hear our bank say they couldn’t help us even though we owed virtually nothing on our home was heartbreaking. We couldn’t be more grateful that you helped out two complete strangers when nobody else would.
Dave & Sharon S, Ottawa Ontario
I can’t put into words how greatful I am to you regarding coordinating all of the activities in seeing my new mortgage go through. There are several reasons for the appreciation from my side but most importantly it will allow my daughter to continue to grow up in a home and neighborhood that she has identified as being very important to her.
I owned a home for almost 15 years and faithfully renewed at my bank every 5 years. About 14 years into my mortgage my job was terminated and I was forced to rely on credit cards to keep things going. Fortunately I found work after 7 long months but by then my credit had deteriorated and my bank wouldn’t help. I called turnedaway.ca after hearing one of their radio ads and I am glad I did. They bailed me out of a bad financial situation, got rid of all my credit card debt and got me down to one manageable mortgage payment.
John C, Toronto Ontario.