Option Mortgage's long history in the mortgage business
means we have seen the good and bad times. During economic downturns
bankruptcies increase significantly so we have learned from experience
how to deal with this unfortunate situation.
Mortgage Requirements for Recent Bankrupts
*Examples of established credit would be an RRSP Loan,credit card, car lease etc. Contact us for a complete list. We can also help re-establish your credit and help with your downpayment. This is a list of just a few of the ways you can re-establish your credit history.
- Up to 95% of appraised value of home financing on a home purchase
- If you have been discharged for 2 years with *ESTABLISHED CREDIT
- If less than 2 years 15% downpayment is required
If you are having problems arranging financing because of a recent
or past bankruptcy Better Option Mortgage
can help! We also counsel those going through a bankruptcy about their
present home. Contact
us for more information.