Sub Prime “B” Lenders

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More and more clients are finding that they are being turned away by the big banks when it comes to mortgage financing.

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What are “B” lenders?

More and more clients are finding that they are being turned away by the big banks when it comes to mortgage financing. Clients are being declined by big banks for marginal transgressions relating to their income and credit report. Remember, banks are only looking for “cookie cutter” clients. They are exclusively looking for clients that fit into their lending guidelines.

If you don’t fit their cookie cutter model or don’t fall into their lending guidelines, this does not mean that you are destitute. Sub Prime mortgage lenders often referred to as “B” lenders recognize that not everyone fits the model big banks look for. They understand that people have ups and downs that will affect how perfect an application looks. B lenders are willing to work with a variety of clients who include people with both poor credit scores and those who have the inability to prove satisfactory income.

Turnedaway.ca works with a variety of well-established subprime mortgage lenders who are willing to compete for those clients who don’t fit the big banks ideal client model. They offer competitive interest rates with flexible terms to help people get back on track.

If you have been turned away from the big banks because you don’t fit into one of their cookie cutter molds, we can help.

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Poor or Bad Credit

Property Tax Arrears

Unpaid Collection Accounts

Self Employed Clients with Stated/Low/No Proof of Income

Bankruptcy Consumer Proposal

Revenue Canada Debts/Liens

Missed Mortgage Payments

Judgments, Liens & Executions

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