Your Saskatoon Mortgage Broker is the best answer to anyone looking to get into a home. Believe it or not, not everyone has amazing credit. When life happens, you may fall into late payments on credit cards and loans, have payments that have gone to collections, or even bankruptcy. A lot of banks and lenders would see this as not a right fit into the mainstream "box". Your Saskatoon Mortgage Broker is willing to take each clients and look at them on a case to case basis to find the best options for you. Yes there is still criteria that everyone must meet, but Your Saskatoon Mortgage Broker can look at your past file as a whole and try to understand the why's. From there, it is easier to assess and come up with a "stepping-stone plan" to not only get you a mortgage, but also as to what needs to happen after the mortgage is in place. In a lot of cases, once your payments are up to date, you can start rebuilding credit damage in as little as two years.
When dealing with "B-lenders", you need to be prepared for higher than average rates (as lower credit is seen as more risky) and the lender will also probably ask for a larger downpayment on the home. However, Your Saskatoon Mortgage Broker will look at any and all options to find you the lowest rate possible and get you on your way to owning your home and building up your credit.
Bad credit doesn't have to be the end of the world. Book an appointment with Your Saskatoon Mortgage Broker today to see what he can do for you.