Home Trust offers Secured Visa cards up to $10,000 if you have had a Bankruptcy, Consumer Proposal, or just bad credit. Your security deposit determines your credit limit. The Secured Visa reports to Equifax to help rebuild your poor credit.
Helping people to get back on their feet after a financial crisis is what we do well. At Mortgage Intelligence Oshawa we have the power of Mortgage Intelligence and all our resources to help rebuild bad credit and offer low rate mortgage solutions.
Consumer Proposal lets you pay out all your debts at reduced amounts over a set period. Is is different from Bankrupty. The Consumer Proposal does not eliminate support or alimony student loans or your house and car payment. It can be a good solutions for some.
Ontario Bankruptcy exemptions include Clothing, Household goods, tools of the trade, motor vehicle and some RRSp, RRifs and Deferred Profit sharing depending on the province you live in.
Second Mortgages can be a good option if you have a low rate on your first mortgage but need funds to consolidate debt, or buy an investment property. Low Rate second mortgages are available on approved credit. Ask the Mortgage Doctor to prescribe on for you.
Traditionally if you have ever had bad or poor credit it would be very challenging for you to obtain a mortgage with a great interest rate. In today’s mortgage market it has changed and now there are many opportunities for borrowers with a poor credit history. When you contact a Mortgage Intelligence mortgage professional they will be able to help you get a great rate.