Mortgage Hamilton – Access Mortgage Canada
Are you looking for a first, second, or third mortgage in Hamilton? Do you have bad credit, no credit, debt issues, or other unfavourable financial situations that are preventing you from being approved for a prime rate mortgage? Well if so, Access Mortgage wants to work with you! We represent over 400 private and institutional lenders that specialize in subprime lending for people with less than stellar financial situations. Just because you have a poor credit situation or you are in debt doesn’t mean that you will never be able to refinance or buy your dream home. We can help you get on the path towards debt relief, improve your credit, and get that mortgage in Hamilton you are looking for. Read on for more information about getting a mortgage with Access Mortgage.
If you have no credit, bad credit, or you have a past or current bankruptcy, there are a number of products that subprime mortgage lenders, through Access Mortgage, can offer that can help you:
Get Approved With Bad Credit:
Some subprime mortgage lenders will approve you even with bad or no credit. If you have a low credit score, many traditional lenders will not finance you. They will refer you to someone else or just deny your application. If you are in the market for a house, nothing can be more disheartening. While it may be a setback, you do not have to take no for an answer. With subprime mortgage lenders, you may be able to still get the mortgage you need. The terms will not be nearly as favourable as they would be with a traditional lender. However, they can still help you accomplish your goal of buying a house when want to buy one.
Lower Your Payment:
Sometimes when you are on a limited budget, the payment on the mortgage is the most important factor. You may want to buy a house or want mortgage in Hamilton, but you do not want to pay as much as a 25-year mortgage requires you to pay. While some might argue that you should not buy a house if this is the case, there are options that can make the payment affordable.
One of these options may be an interest only mortgage. This type of mortgage has its drawbacks as it does not apply any of your payments towards the r\principal to reduce your mortgage balance. You make only the interest payment each month and then pay off the mortgage at the end of the loan. If you are at a point where the payment is all that matters, this can be beneficial. Just make sure that you know exactly what you are doing before taking this step as it is an option that does have its risks.
There are stated income mortgages are also available under certain situations and is a popular option for those have limited income that is verifiable. Subprime mortgage lenders offer these loans to those that have trouble proving their income. With this type of loan, you state how much you earn and the verification of the income is limited. This type of loan is great if you are self-employed or have a non-traditional pay structure because it is difficult to prove income if you have recently started your own business, or work in an industry which is heavily compensated in cash such as waitresses, taxi drivers etc.
Access Mortgage can help you get on the path of debt relief through various strategies that will not damage your credit, but instead help to repair it! Our professional team can help you get a mortgage even if you have no credit, bad credit, or experiencing financial hardship that is hindering you from being approved.
For more information about getting a mortgage in Hamilton from Access Mortgage, please feel free to continue browsing through our website. Click here to find our contact information and to fill out our contact form.