Mortgage Tools
Yes, You Can Still Purchase a Home if You Have Debt!
Have your mortgage applications been turned down at the banks? Have you recently found yourself wondering "can I purchase a home if I have debt?" If so, Canadian Mortgages Inc. is your ideal partner for a home financing solution. We have decades of experience with bad-credit home financing and getting mortgages for high-risk borrowers. We have hundreds of lending partners that are willing to approve the loans you need to buy your home and get your finances back on track, and CMI can negotiate competitive interest rates for your mortgage.
More than Just Financing for Borrowers Who are in Debt
There are many reasons beyond control that can result in debt problems, including:
- Loss of employment or employment reduction
- Injury, illness, or a death in the family
- Unforeseeable changes in your financial situation
CMI is a full-service brokerage firm that will provide you with budgeting, accounting, and personal financing advice and coaching, so that you can start getting your finances in order, your credit rating back on track, and your mortgage approved. When you book your complimentary consultation with a CMI mortgage expert, you will receive a free goal assessment, financial analysis, evaluation of your mortgage options, and advice about how to use your home financing to:
- Consolidate and organize debt
- Lower interest payments
- Improve your credit rating
- Lower your monthly debt payments
We will also help you restructure your debts and plan a repayment strategy that will accommodate your budget, needs, and lifestyle.
Carefully Selected Lenders Offer You a Way Out of Debt
Unlike a bank, CMI is not affiliated with any one lender. Our brokers are free to solicit the best home financing products from a range of competing lenders, who will offer low mortgage rates to secure the business of our clients. And because we work with so many lenders, we have access to high-risk financing solutions that are not available elsewhere.
When CMI chooses our lending partners, we take great care to ensure that they will put the needs of our clients first, and provide high-quality service and customer care. Our lenders include banks, investment trust and insurance companies, as well as private, individual, and corporate investors. They offer a wide selection of financing solutions for in-debt borrowers looking to purchase a home, including:
- Private first, second, and third mortgages
- Bad credit mortgages with a loan-to-value ratio of 95%
- Equity-based loans and lines of credit worth between 75% and 100%
- 90% to 100% LTV for mortgage refinances
- High-ratio and insured second mortgages with 85% to 100% financing
CMI's expert and knowledgeable brokers have been trained to help clients with credit repair, and have the experience needed to find you the most affordable home financing products, so that you can still purchase a home if you have debt.
