Alternative Mortgage Lending Solutions

Alternative Mortgage Solutions in the GTA, Toronto and across Ontario

Alternative Mortgage Lenders are most often referred to as “B” Lenders. For instance, take a look at any GTA newspaper or tv ad and you’ll realize that people are looking to alternative mortgage lending more and more to get the mortgage and financing they need.

There was once a time when most homeowners had great credit and a steady source of income.  However, this is rarely the case in times like these.  In fact, if you have less than perfect credit or can’t prove your income you are statistically the new norm. As well, if you own real estate in the GTA or in Ontario and have a residential mortgage, chances are money is tight.

If you fit into this category, chances are the Big Banks in Canada will give you a hard time and might decline your mortgage approval.  Again, if you aren’t the perfect candidate from a credit and income perspective, you have almost no chance of getting approved with a big bank, that's just how the system is setup.

Fortunately, alternative mortgage lenders have stepped up to fill this gap in the mortgage marketplace.  GTA Alternative lenders tend to approve deals on a common-sense basis.  We work with them to help describe your unique situation and needs. These lenders generally look at how much equity you have, and care less about bad credit history or income.