Beware of these people because they know you are desperate. They
will take advantage of your situation, and you'll only end up further in
Then there are lenders who charge large fees. I have seen some
loans where the borrower gets a $40,000 mortgage, and after fees,
lawyer, etc, they only get about $25,000. With that type of loan,
you only end up further in debt as well.
We do all sorts of mortgages, from conventional loans with banks, to
private lending for people with poor credit.
With private, there are lender and broker fees. But they are not
so great that it puts you in a tough situation.
We always work with you to have an "end strategy". We want you to
be out of debt, and when the mortgage term is complete, to be able to
refinance with a conventional lender at low interest rates.
We want to see you get over the hump, so to speak. Clients come to
us with poor credit, and heavy debt, and we review there financial
situation with them, discuss their credit report, and outline a solid
strategy on how to pay off the troubling debt, and re-establish new good
If you own a home, our
Canadian debt consolidation mortgage specialist will do everything he possibly can to get you the
best Canadian loan at the lowest possible interest rate, with the best
terms. If you do not own a home, we can make suggestions about where you
can go to get money elsewhere.