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Turned down by your bank?
Bruised credit, a consumer proposal or income a bank will not count can still leave options with other lenders, depending on the whole file. Navreet works with B-lenders and private lenders, and tells you plainly what is realistic and what it costs.
Thanks, you're all set. Nav Virk Mortgages gets back to you directly to set things up.
Prefer to talk? Call +17783503160.
Navreet is registered with the BC Financial Services Authority as a Submortgage Broker.
A bank turning you down is one lender's answer.
Navreet starts from your equity, your income and your history rather than a single score, and tells you plainly which options are realistic and what each one costs.
Knowing which one fits is most of the work, so here is the difference.
B-lenders are lenders outside the big banks. They tend to look at your equity, your income and your recent history together, so one number does not decide it. Navreet checks your file against each lender's criteria.
A private lender focuses on the property and the equity in it. Rates and fees are normally higher than at a bank and the term is normally short, so it is generally used as a bridge, and the plan for what comes after is part of the conversation.
A B-lender or private mortgage is often used as a stop on the way back to a bank mortgage. Navreet lays out the cost now and what the path back could look like, so you decide with the numbers in front of you.
Nothing goes to a lender for the first conversation.
A rough picture of where things stand: what happened with your credit, your income, and the property or down payment.
Which lenders are realistic for the file, what each one costs in rate and fees, and how long the term would run.
Navreet tells you where you stand first. An application only goes in once you say go.
It depends on the whole file: the equity or down payment, your income, and what happened to your credit. Some lenders outside the big banks take on situations like this. Navreet tells you what is realistic, including if the honest answer is to wait.
Usually, yes. B-lender and private mortgages normally carry higher rates and fees than a bank, and the term is often shorter. The cost and the length of the term are put in front of you before anything is signed.
A short picture of where things stand: what happened with your credit, your income, and the property or down payment. Nothing is submitted to a lender until you say go.
Leave your details and Nav Virk Mortgages gets back to you directly to set up a time that works for you.