Bad Credit Home Loans– How We Can Help

Getting bad credit home loans can be a tough and without the proper help, you may feel like your fighting a losing battle. At Approval Store, our staff can help you get the mortgage that you want no matter your financial past and get the home that you or your family deserves.

Best Rates

We personally guarantee that you will get the best rate in Ontario for your mortgage. After filling out our online form, we will use your information to connect with banks on your behalf and get you the best mortgage approval possible. The more information you can provide us, the better we will be able to work your case.

Factors that Affect Your Chances

Income

Even if your credit score is low, if you can prove that you have a dependable source of income then you can still get a good mortgage deal. Although confirmable income is preferred by lenders, our experts can also help those with non confirmable income such as money earned from self-employment. 

Down Payment

A high down payment will increase your chances of getting approved for a mortgage. This shows that you have the ability to save and budget your money and also means that you’re going to have more of a stake in the property.

Equity

The more equity you have in your home, the more generous your lenders will be. For those refinancing, lenders typically allow you to increase your mortgage up to an 85% loan-to-value ratio, although this will depend on how much equity you have.

Get started on our bad credit home loans application process today and our staff will help you get the mortgage that you want. Don’t let your past financial decisions hinder your ability to start a new home. For more information, call our Ajax number at 905-427-6999 or our York number at 416-247-6888.