Generally speaking, the better your rating, the more options you may have available to you.

However, a less than perfect credit rating doesn’t always have to mean the difference between owning and not owning a home. While financing may be more difficult to secure, the professionals at Capital360.ca are familiar with many types of financing, and have worked with individuals with all types of credit backgrounds.

Even if you’ve been turned down by your bank or other lenders, your Capital360.ca Specialist may be able to help you achieve your dream of home ownership. We’ll sit down with you and discuss your current situation. Then we’ll shop your mortgage to a number of Canadian lenders, many of which you’re probably already familiar with. We also have access to mortgage lenders that deal only with mortgage specialists which you may not otherwise have access to.

Second or third mortgages can be used to consolidate outstanding debt from other sources, renovate your home, pay for your child’s education, or any number of choices. In most cases, the rate of interest on an additional mortgage can be lower than borrowing on a credit card, potentially saving you a lot of money in the long run. What’s more, a second or third mortgage may provide you with more time to repay the loan, giving you added flexibility.

Whether you have less than perfect credit, a reduced income, or a life event that has impacted your current financial situation, a private mortgage may be an option for you.

We’ll sit down with you and discuss your current situation, and we’ll look into financing options that may be suited to your needs.