Sub-Prime Mortgages in Vancouver

The main factor in most bank turndowns is a credit bureau score that is too low. Unfortunately unless you understand the reasoning behind the low credit score, (which many bankers don't) you cannot coach the client on how to fix the problem so they simply turn the client down. In many cases the issue on the credit bureau is a very short term issue which can be fixed quite quickly. When you work with a Vancouver mortgage broker from Verico Mortgage Options, we will coach you on how to get your credit score up and often can get you pre approved within a couple of months; this is why dealing with a licensed and fully trained Vancouver mortgage broker is so important.

If the credit issues cannot be fixed quickly however it does not mean there are no options. Verico Mortgage Options works with several non-conforming or sub-prime mortgage lenders in Vancouver who do not insure their loans through CMHC or Genworth. Although sub-prime mortgages in Vancouver are more expensive in terms of interest rates, they are a great option for those who may not get into the housing market for a while through the traditional banking channels.

If you are living in Vancouver and tired of paying someone else's mortgage, click on our Free Pre Approval and we will work for you to find options that will get you into the market sooner. Call today about our sub-prime mortgages in Vancouver!

Vancouver Mortgage Brokers