Sub-Prime Mortgages in Toronto

Many of the clients we deal with here at Verico Mortgage came to us after being turned down by their bank. So how are we so successful at arranging mortgages for our clients even after the banks say no? Here are just a few of the reasons:

1. Every bank has different guidelines; sometimes those differences are small but the results are not.
2. Toronto mortgage brokers are licensed professionals who understand all the ins and outs of credit, debts and mortgage qualification; your loans officer is not licensed and in many cases under trained.
3. If you need a specialty mortgage product you need to work with someone who first off knows about the product and secondly where to find it; if your bank doesn't carry it they will simply decline you.
4. Our best mortgage rates in Toronto are lower which means your payments will be lower which means you qualify for a larger mortgage with us; its simple math.
5. Not all lenders have adopted the new liberal debt service ratios offered by the insurers (CMHC and Genworth); if they haven't, the amount you qualify for is significantly less than it could be.
6. Banks don't have sub-prime mortgages in Toronto.
7. If one of our Toronto mortgage brokers can't find you a great mortgage we won't get paid (a referral fee by the lender). In other words, we try harder!

Call one of our Toronto mortgage brokers today to discuss your situation as there may still be options for you even after your bank says no; sub-prime mortgages in Toronto may be the solution you need!

 

Toronto Mortgage Brokers