Brampton and Ontario Mortgage Blog
Solutions for residential and commercial bad credit mortgages
October 28, 2015 | Posted by: Paul Hunjan
The past several years of economic hardship and rising costs have put many businesses and residents at jeopardy when it comes to renewing or refinancing their mortgage.
Personal and commercial debt has reached an alarming percentage and many suffer from bad credit trying to hang on to their homes and businesses waiting for things to turn around. Waiting is not the solution.
Once you are in a hole it may be time to get help from a professional mortgage broker to get back out.
Paul Hunjan is Brampton’s mortgage broker with Centum One Financial Group Inc. He specializes in helping people get out of a hole with residential and commercial mortgages. He gives five reasons why you should seek out a mortgage broker especially when you have bad credit.
Access to multiple lenders
Unlike banks a mortgage broker deals with mortgage financing all day, every day. Centum has access to over 50 Canadian lenders including major banks, credit unions, trusts and other national and regional lenders.
Expertise in matching you to the mortgage product you need
Most people are unaware of the wide variety of mortgage products on the market and it is a mortgage broker’s job to know all of the options and the one best suits your needs.
You need a qualified professional who deals with bad credit mortgages
Mortgage Agents have specific training and knowledge of the Canadian Mortgage Industry and experience finding the best rates from the right lenders for bed credit.
They will save you time and money
Once you meet with your mortgage broker, assess your current situation and determine your exact needs you can sit back and let them do all the work.
They work for you, NOT the banks
A broker gets reimbursed by the lenders for bringing them business and there are typically no fees paid by the client. Ideally a broker aims to find you the best solution and they benefit by repeat business or referrals.
Visit Centum One Financial Group Inc. in Brampton at their website for more information on how they can help you with residential and commercial bed credit mortgages.