Mortgage Services
Declined by Banks
We find out why your file was declined, fix it, and take it where it has a genuine chance.
Who it's for
Credit being rebuilt
Past late payments, a completed consumer proposal, or a score damaged by a difficult stretch.
Self-employed
Solid real income, but declared net income too low for a bank's grid.
Newcomers
Little or no Canadian credit history, despite stable work and a down payment.
Unconventional files
Commission or tip income, an unusual property, or a tight deadline.
How we help
First step: understand the exact reason for the decline. Debt ratios, income type, credit score, property type — each reason calls for a different strategy, and a file resubmitted unchanged will simply be declined again.
Next we target the right lenders. Alternative lenders (often called B lenders) and, when needed, private lenders assess files differently: they weigh property value, down payment and real ability to pay more heavily. The terms cost more than a bank's, and we show you that difference in dollars.
Finally we set an exit plan. An alternative solution is usually a one- to three-year stay, long enough to rebuild the file and return to a traditional lender. We never promise approval — we tell you what is realistic.
What you'll need
- The decline letter or explanation, if you have it
- Photo ID and proof of address
- The most recent proof of income available
- Bank statements for the last three to six months
- Proof of your down payment and where it came from
- Details of any special credit history: proposal, discharged bankruptcy, accounts in collection