Credit Repair Services

Bad Credit Mortgages & Credit Repair in BC | Get Approved and Rebuild

If you have bad credit, you might feel like owning a home or refinancing is out of reach. You’ve likely heard "no" from traditional banks, but that doesn't mean your dream is over. A low credit score is a temporary situation, not a permanent barrier.

As a mortgage broker specializing in non-traditional financing, I help clients with credit challenges get approved for a mortgage today, while creating a solid plan to repair their credit for a better financial future tomorrow.

Part 1: Your Mortgage Solutions with Bad Credit

You can still get a mortgage, even with bankruptcies, consumer proposals, foreclosures, or missed payments on your record. The right lender looks at your entire situation, not just your credit score.

Here are your pathways to homeownership:

1. Private Mortgage (Fast & No-Income-Verification)

The most common and accessible solution for immediate needs.

  • Credit: Any credit situation is accepted. We can work with discharged bankruptcies, consumer proposals, and collections.

  • Down Payment: Minimum 20-25% (the stronger your credit, the less you may need).

  • Approval Basis: Based on the equity in the property, not your credit score or income.

  • Speed: Can be approved and funded in days.

  • Best For: Urgent purchases, stopping power of sale, or when you need a short-term solution to secure a property and begin rebuilding.

2. B-Lender / Alternative Mortgage (A Step-Up)

A great middle-ground option if your credit is starting to recover. This option is especially beneficial for self-employed borrowers, as it uses stated income based on business bank deposits for qualification 

  • Credit: Minimum credit score typically 500, but can be even lower.

  • Down Payment: Minimum 20%.

  • Approval Basis: More flexible than banks, but some income verification is usually required.

  • Rates: Slightly higher than banks, but lower than most private mortgages.

  • Best For: Those who have begun the credit repair process and can show some stability.

Part 2: Your Credit Repair Strategy

Getting a mortgage is the first step. The ultimate goal is to refinance back to an 'A' lender for the lowest possible rate. This is where a strategic credit repair plan comes in.

How Your Private Mortgage Helps You Repair Credit:

  • Debt Consolidation: Use the mortgage to pay off high-interest credit cards, collections, and other debts. This immediately reduces your debt load and improves your credit utilization ratio..

Essential Credit Repair Steps We Can Guide You On:

  1. Order Your Credit Reports: Get free copies from Equifax and TransUnion to know exactly what’s on your file.

  2. Pay Down Balances: Focus on reducing balances on credit cards and lines of credit below 75% of their limit.

  3. Don't miss payments: Missing payments will lower your score very substantially. 

  4. Use a Secured Credit Card: If you have no active credit, using a secured card and paying it off monthly can help rebuild a positive history.

Our Process: A Path to Financial Recovery

Step 1: Secure Your Housing with a Private Mortgage
We use your home's equity to get you a mortgage that stops the financial bleeding, consolidates debt, and stabilizes your situation.

Step 2: Execute the Credit Repair Plan
I will provide you with the steps and resources to actively improve your credit score over the next 12-24 months.

Step 3: Refinance to a Better Rate
Once your credit has improved and you've built a history of on-time mortgage payments, we will refinance you to a lower-rate mortgage with a 'B' or even an 'A' lender, saving you thousands.

Don't Let Your Past Decide Your Future

A low credit score doesn't have to define you. It's a problem we can solve with a clear, two-part strategy: a solution for today and a plan for tomorrow.

Ready to secure your home and start rebuilding your credit?

Contact me today for a confidential consultation. Let's discuss your situation and map out your path to homeownership and financial health.