💼 Life Throws Curveballs: Bankruptcy and Mortgages 🏠💔
Sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn't mean your life is over, and it doesn't mean you won't ever qualify for a mortgage again.
The key to financial success here is getting things under control as quickly as possible. You must demonstrate to potential lenders that what happened in the past won't happen again in the future.
So if you're thinking about getting a mortgage post-bankruptcy, lenders will want answers to the following questions:
How long have you been discharged?
Have you established new credit?
How much do you have available for a downpayment?
What is your total debt service ratio?
As independent mortgage professionals, our job is to provide solutions and strategies for our clients. In addition to working with many traditional lending institutions, we also have access to lenders who specialize in working with clients whose financial situation isn't all that straightforward. These private lenders offer alternative lending solutions that consider the overall strength of your mortgage application.
So whether you're looking for a plan to help you qualify for a mortgage with the most favorable terms or if you need something more immediate, get in touch anytime, or visit my website to learn more. We're here to help you navigate the path to homeownership, even after financial challenges. 🤝🏡📊
https://www.dianebuchanan.ca/
