Bruised Credit

“Life is what happens when you’re busy making other plans.” …and sometimes things get out of control. A bad credit rating could be the result. We see all kinds of credit ratings every day and we have the solutions to help improve and even heal, bruised credit. You may be surprised to know that you can still obtain a mortgage. Whether you’ve had a bankruptcy or your credit is only slightly bruised, you can obtain financing.

 

GET APPROVED NOW

REAL EXAMPLE

MORTGAGE PURPOSE

To find a mortgage solution for a borrower with past credit issues

PROPERTY

Location
Mississauga, ON
Type
First mortgage on a condo-townhouse
Value
$350,000

BORROWER

Who?
Single borrower, no dependents
Beacon Score
550
Credit issues
· Late payments on student loan
· Late payments on various credit cards

Employment
· Borrower works full time and is salaried employee
· Income documents used include: Job letter, Pay Stub, NOA

Indigoblue Solution

Indigoblue Financial placed the borrower in a 1 year mortgage term with an alternative lender. Borrowers past credit issues related to his father being ill. The family situation has improved since then. Borrower furthermore has 25% saved for down payment. Borrower to be coached by Indigoblue Financial on how to manage the mortgage responsibility, so that 1 year later, borrower can be moved to a prime lender.

Term 1 year
Loan to Value Ratio 75%

 


Call for a no-obligation consultation call. Fill out the form below and we will call you within 24 hours.

GET APPROVED IN 3 EASY STEPS!


STEP 1

Type of Loan:

PurchaseRefinance

Mortgage Request:

1st Mortgage2nd Mortgage

STEP 2

Property Value:

Mortgage Request:

STEP 3

Name:

Email:

Phone:

City: