1-844-ASK-ACCESS / 1-844-275-2223

Access Mortgage Facebook Access Mortgage Instagram

Encrypted Loan Application

1-844-ASK-ACCESS / 1-844-275-2223

Access Mortgage Facebook Access Mortgage Instagram

Bankruptcy Loan in Cambridge

Getting a Mortgage Loan After Bankruptcy in Cambridge

Getting a mortgage loan after filing for bankruptcy can be very difficult. It might make sense from an economical and financial standpoint to file for bankruptcy, but many lenders, like banks and other financial institutions, will not even consider your application. However, that does not mean that that is the end of the road for you. Certain companies still provide mortgage loans to people after they have filed for bankruptcy. Even after bankruptcy loan in Cambridge Ontario Canada is something that some lenders will consider.

Bankruptcy and Loans

When someone files for bankruptcy or a consumer proposal, many lenders believe that they are the kind of person who will walk away from debt. This is not something that lenders look look upon favourably. But, this is not always the case. Sometimes there are very good reasons why people file for bankruptcy or a consumer proposal which are out of their control. Because of this, nowadays, some lenders, including lenders in Cambridge, will give a mortgage to help discharge bankruptcy Loans can also be given to pay off a consumer proposal.

Why Bankruptcy Loans are Becoming Popular with Lenders

A bankruptcy loan in Cambridge has been made possible for a number of reasons. These reasons are explained in detail below;

  • Improving Public Image

The first thing is that it opens up a whole new market of potential clients to a lender when it decides to extend mortgages to people with a Consumer Proposal on their credit or bankruptcy Loans given to these individuals help them get back on their feet, and the bank or lender has gained the trust of a new client.

Contrary to what you may think, there are a lot of people who have either filed for bankruptcy or a consumer proposal. Most of these people never consider applying for loans or mortgages because of their current or past situation. When a lender decides to reach out to these people, they are in essence not only expanding their market niche but also gaining favour in the community and boosting their public image. It can become a win-win situation for them.

  • Lack of Existing Debts by the Borrower

Another reason why a lender would reach out to this market niche is that bankrupt individuals or those who have only been recently cleared, unlike other people, are no longer encumbered by debt obligations. What this means is that having been declared bankrupt or filing a consumer proposal and fulfilled its obligations, past debts have been written off. This is something that a potential lender would view as being attractive. The lender would advance a mortgage to you knowing that you likely have no other creditors, hence putting you in a much better position to pay the mortgage on time.

  • Improving Financial Status of Borrower

At its discretion a lender will, for someone with a consumer proposal or a bankruptcy loan money as a mortgage in order to help the customer purchase or refinance their home. The individual can continue to rebuild their credit and the lender gets another loyal customer.

WHAT PEOPLE ARE SAYING…

  • “Rent-to-own made possible”
    We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., HAMILTON, ON
  • “Best Mortgage Team I've worked with”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. BRANTFORD, ON
  • “No hesitation recommending”
    Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
  • “A tough deal that others could not do!”
    Access mortgage did a great job in getting us a mortgage. It was a tough deal and they were able to get it done when others couldn’t. I would not hesitate to use them again.

    BEA - CAMBRIDGE, ON
  • “Seamless from beginning to end!”
    I just want to say 'thank you' to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now it has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    JULIE - HAMILTON, ON
  • “From full of stress to stress-free”
    I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Access Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    M.D., MISSISSAUGA, ON
  • “Patient with deep understanding”
    Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S., MISSISSAUGA, ON
  • “Got creditors off our back”
    I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off our back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

    K.K.P., HAMILTON, ON
  • “Best mortgage team I’ve worked with!”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in your favour. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
  • “Extremely Fast!”
    Access Mortgage was extremely fast and explained everything well. We were very happy with their professional service and honesty. I would definitely refer them.

    LISA - BRANTFORD, ON
Scroll Up