I have damaged credit.  Can I still get 100% financing?

In many cases if the damage is not severe, you may still qualify for 100% financing.  Usually the interest rate is at bank-posted rate or higher. 

I have gone bankrupt.  Can I still get a mortgage?

The quick answer is yes.  The day after discharge you may qualify for 75% loan to value if your property is in town on town water and sewer.  With re-established credit for one year you can normally qualify for up to 95% financing and after two years, with one year of re-established credit you may qualify under CMHC with rates at bank-posted or less.

My bank said “no”.  Is there any sense in trying another lender?

Absolutely yes, however, the suggestion would be to use Quinte Mortgage Solutions to look for the mortgage for you.  We run one credit bureau and use that credit bureau when we are approaching our lenders; therefore, not creating several hits on your credit bureau which could damage your credit more that what it might otherwise be. 

I am self-employed but cannot show my income.  Is there anything you can do?

Yes, there are programs available for self-employed with good credit without income verification. 

My partner and I are splitting up, but I want to stay in the house.  Can I buy the house from my partner even though we needed him to qualify when we originally got the mortgage?

In most cases the answer to this would be yes provided there is now equity built up in the property you can now use.  It is possible even without verifiable income to work under an equity program or a short-term guarantor if needed.  If you have been in the house for several years and have established credit, you may be able to qualify on your own.

How hard is it to get a mortgage for construction of a new house if we build it ourselves?  There is no new house warrantee available.