Interest Rates Kitchener – Expert Mortgage

For a long time, it wasn’t possible to qualify for a mortgage in Canada if you had bad credit, and the market for subprime lending was almost nonexistent. In Canada, we deal mostly with large, regulated institutions with tighten lending standards. This is beginning to change, however, and smaller lenders have started to become popular as the traditional big banks stiffen up their regulations. Interest rates in Kitchener are directly related to your credit. If you have bad credit caused by debt and other past or present poor financial decisions, you will find it very difficult to not only be approved for a mortgage, but to get low interest rates in Kitchener. High credit balances can also significantly affect your credit score. As the market for subprime lending is growing, people with bad credit, or even no credit, can use a company like Expert Mortgage to help them find good interest rates in Kitchener tailored to their own personal circumstances. Read on for more information about interest rates in Kitchener.

Find out how to improve your credit here, and how this can benefit you with finding the lowest interest rates in Kitchener!

 

Know where you stand:

Your first stop on the path to a better mortgage deal is creating a baseline. You have to know where you stand in order to improve. Get started by having us run your credit report and get your credit score. If you already own a home and are interested in purchasing more properties, or are looking to remortgage, but don’t think that you will qualify, then contact us today!

 

Reduce the amount of debt you owe:

Reducing your debt is easier said than done, but it can be done! Reducing the amount that you owe on your debts such as credit cards and loans by consolidating will not only reduce your monthly costs, but it will also improve your credit score very quickly. Debt consolidation is a good way to bring all your debt together into one lump sum so that you can begin paying it all off with one payment on a specific term. Expert Mortgage can also assist clients with debt consolidation as a process with helping them eventually obtain the lowest possible interest rates in Kitchener.

 

“A” lenders and “B” lenders

You may already know about traditional lending institutions like, TD Bank, Scotiabank, and BMO. There are also large virtual mortgage houses such as First National, ING, and more. These lenders focus primarily on what is called in the industry, the prime lending market, and these are the “Big Banks.” These lenders focus on borrowers who have good jobs, credit, and are purchasing homes within the traditional guidelines. For borrowers that cannot qualify under the “A” guidelines, the next option is to try to fit within subprime lender’s guidelines better known as “B” lenders, and that is where Expert Mortgage comes in.

Most subprime lenders do not provide high-ratio mortgages (your down payment must be 20% or more of the purchase price of the home). These lenders charge a premium over traditional interest rates and usually do a much shorter term mortgage loans.

Unfortunately prime lenders are very strict when it comes to borrowers that have poor credit. Debts and minimum monthly payments are too high compared to income so month after month payments are neglected or missed. How can you pay off your debts if you cannot refinance due to your poor credit history? Many borrowers are facing a situation that unless they can refinance their house and use the equity to pay off their debt, they will never be able to catch up and reduce their monthly outgoing costs.

If you have a mortgage and have blemishes on your credit record and are looking to purchase another property, or if you need to re-mortgage to pay off bad debts, then consider the professional services of Expert Mortgage today. We will help you find a reasonable interest rate in the Kitchener area for your specific circumstances.

 

For more information about interest rates in Kitchener from Expert Mortgage, please feel free to continue browsing through our website. We can be reached at 1-844-397-3780 or by filling out our contact form.  

Superior Products & Services

Expert Mortgage specializes in clients with bad credit and unprovable income. We have access to OVER 400 PRIVATE LENDERS we can offer mortgages to clients that most other mortgage brokers can’t help. These private lenders are people like you who choose to invest in mortgages instead of the stock market. They want to make a good profit and help other people, who through no fault of their own, have some credit or income issues.

Great Customer Experience

Expert Mortgage professionals have been providing effective financial solutions to clients for over two decades. We pride ourselves on giving the best possible service to our clients by using no nonsense credit application procedures and tirelessly searching out the lowest interest rates in Canada.

Custom Solutions

Every client is different. We can appreciate the subtleties of your specific requirements. We make a point of treating every single one of our clients as an individual who needs a mortgage solution designed just for them. If you are considering refinancing your existing mortgage or buying a second home we will gladly use every tool at our disposal to help you achieve your goals.

WHAT PEOPLE ARE SAYING…

  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!”

    M.D., BINBROOK, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, Hamilton, ON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “We would like to thank Mathew and his team at Expert Mortgage. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!”

    C.T., Hamilton, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds. “

    S.S. - Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON