Better 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 Requirements: 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 *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. 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. 1st mortgage  l  2nd mortgage  l  refinancing  l  equity loans  l  bankruptcy  mortgage calculator  l  loan application  l  about bom