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Bank Turndown Mortgage / Sub-Prime Mortgages in Ontario
Many of our Ontario clients here at Verico The Mortgage Professionals come to us for what we would call bank turndown mortgages in Ontario. How is Verico Mortgage so successful at arranging bank turndown mortgages in Ontario after clients have already been declined by their lender'? Here are just a few of the reasons:
- Every bank uses slightly different qualifying criteria; although the differences can seem small they make a big difference in the end,
- Ontario mortgage brokers are licensed mortgage professionals who know mortgages inside and out (both prime and sub-prime mortgages in Ontario); your banker is not licensed and in many cases very under trained,
- If you require a specialty mortgage product that your bank does not carry, you need to work with someone who knows about the mortgage product and which lenders carry it; if your bank doesn't carry the product, chances are your banker won't even know it exists.
- Our best mortgage rates in Ontario are lower which means you will qualify for more of a mortgage with us; it's just that simple,
- Not all banks have adopted some of the new more liberal debt service ratios offered by the insurers; if they haven't the amount you qualify for would be significantly less,
- Banks don't offer sub-prime mortgages in Ontario,
- If one of our Ontario mortgage brokers doesn't get you a mortgage, we don't get paid (a referral fee by the lender). In other words, we try harder!
Call one of our Ontario mortgage brokers today to discuss your situation as there may still be options for you even after a bank turndown with our sub-prime mortgages in Ontario.
Sub-Prime Mortgages in Ontario
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