Even with a tumultuous financial history, you can still secure a mortgage.

Since 2008, it’s been tougher and tougher to get a mortgage as many lenders have cracked down and made their requirements for applying much stricter. This means that even people with perfect credit ratings have had to get used to being turned away. Therefore, if you have a financial history that includes a bad credit rating or poor decisions, you may think you’re stuck renting and there’s little that can be done about it.

Fortunately, this isn’t the case. You’re certainly not alone when it comes to having a financial history that is less than ideal. The last eight years have been tough on everyone. As such, there are a number of high risk mortgage lenders in Toronto who actually specialize in helping people in your position secure the loans they need to buy homes.

Obviously, these loans will come with higher interest rates and other terms and conditions that are unique to your financial situation. For this reason, we recommend trying to get your finances in order as much as possible and improving your credit score if you can. Even a couple points could make a difference.

However, it will also help if you get considered by a large number of lenders too. As exciting as it can be to find a lender who will offer you a loan, definitely explore your options to ensure you get the best possible terms.

At Mortgage Captain, this is where we come in. We have a network of over 50 lenders and all you have to do to get in front of them is fill out a single application. If you have any questions about the process, simply dial 1-613-296-3892 to speak with a helpful member of our team.