For some, the journey towards home ownership is far from a straight and clear path. The truth is, bad credit happens to good people for a number of reasons that are not always entirely the fault of those who are in debt. Regardless of the circumstances that brought you to CCF Mortgages, you’ve come to the right place.
Allow us to break down everything you need to know about surmounting any hurdles that are currently coming in between you and your dream home by detailing one of the top lender alternatives to banks:
For many individuals and companies that have capital to invest, real estate is a preferred method of growing income. Private lenders provide mortgage loans for a wide variety of people, but are the best option for those who:
- Are looking to purchase an unconventional property
- Are looking to forgo the long bank approval process
- Are unable to receive approval from banks due to bad credit history
- Are looking for a short-term loan
- Have income streams that cannot be confirmed
If any of the aforementioned qualifiers describes you, the following are statistics related to private mortgage loans:
- Approval process: 24 hours
- Processing time: 1 to 2 weeks
- Interest Rates: 7%-12%, contingent on the loan
- Fees: 1%-5%
- Amortizations: interest only to 25 years
If your application is being considered by a private mortgage lender, you can expect to be judged on the following criteria:
- Down Payment (when purchasing the property)
- Property type
- Equity (when refinancing the property)
Bad Credit Mortgage Experts
Whether you have had a previous bankruptcy or consumer proposal, are drowning in debt, need money to pay overdue property taxes (and save your home) or simply need a mortgage quickly – Rick Bettencourt has dealt with many people in your situation.
Getting A Excellent Mortgage With Bad Credit Is Easier Than You Think…
We have many years of experience working with private lenders and B-lenders who can help get you the mortgage you need.
A simple And Easy Process
Getting started is very easy and takes almost no time – just give us a call to speak with a bad credit mortgage expert.
Working With Rick Can Make All The Difference
- Put your poor credit and financial situation in the best light
- Have access to hundreds of reputable B-lenders or private lenders
- Eliminate your risk of extremely high lending fees or rates
- Have an experienced professional show you how you can consolidate your debt and save thousands
Getting A Bad Credit Mortgage Is Possible – With The Right Help & Advice
Qualifying for a mortgage with bad credit is not the easiest thing to do, but with Rick Bettencourt on your side you could be signing the mortgage papers in no time.
Get Back On Track To A Better Mortgage Rate
We will help you formulate a plan that will allow you to clear up your debts and improve your credit score. Within a couple of years, your bad credit could be cleaned up, allowing you to be able to reduce your mortgage rate further.
Formulating a long-term plan to reduce your debts, improve your credit score and reduce your mortgage rate is key to saving a lot of money.