Get a Mortgage With Bad Credit

• There are a lot of Canadians with bad credit.

• One in eight adult Canadians will either declare bankruptcy or negotiate a debt settlement with creditors.

Getting a mortgage if you have bad credit isn’t impossible.

• Banks want to know how risky it will be to lend you money for your mortgage.

• Lenders will want to know how long ago the bankruptcy was discharged

• They will also want to know how long you have been re-establishing your credit.

Fortunately, the financial landscape has changed; there are a lot more lenders out there today, many of whom are willing to finance higher risk and high ratio mortgages.

If you have bad credit and want to step onto the property ladder, contact your nearest Canadalend.com mortgage specialist.