Bad credit can happen to anyone. Late payments, illness, and sudden loss of employment are just a few examples of life events that can lead to bad credit. The 6 major banks will generally not approve individuals with less than perfect credit, fair credit, bruised credit, poor credit, or bad credit. However, we have mortgage options available with different lenders such as credit unions, mortgage investment corporations (MIC), alternative lenders, trust companies, and private lenders.
Discharged Bankruptcy
or Consumer Proposal
You can be approved for a mortgage right away if you’ve recently been discharged from a bankruptcy or consumer proposal. Bankruptcy and consumer proposal discharges can stay on your credit bureau for up to 7 years, which will lead to less favourable mortgage terms & conditions. As long as your credit is being managed correctly, 2-year after your bankruptcy or consumer proposal discharge is when you’ll begin to see more favourable mortgage terms & conditions.
Repairing Your Credit
It’s recommended to speak with a credit specialist at your local bank or credit union for the best strategy to improve your credit score. Below are some general tips that can help you improve your credit score:
Keep your credit utilization under 30%—for example, if you have a $1000 credit limit on your credit card, avoid exceeding $300 on your credit balance.
Make all payments on time—missed payments will have a negative impact on your credit.
Review your credit report—checking your credit report regularly is important in case there’s any errors.
Limit credit checks—having too many credit inquiries will report negatively on your credit.
Your mortgage matters more than
you might think.
Hi, I’m Gurnik Singh, your mortgage consultant. I understand the stress of finding the right mortgage. It sometimes feels like you’re looking for a needle in a haystack.
Wanting to help homeowners navigate these complexities is what ultimately led me to a career in Real Estate Finance. My passion for understanding each person’s unique needs and tailoring the perfect mortgage to fit their life is what drives me. We offer more than just a mortgage; we provide the necessary tools and knowledge to ensure you supported throughout the financial life of your mortgage.
Ready to streamline your mortgage experience?
Benefits You Can Expect
Guidance
We’ve streamlined the entire mortgage process, making your mortgage experience simple & stress-free!
Access
With access to over 50 lenders, leave it to us to shop the best mortgage for your needs!
Transparency
We make transparency a priority, ensuring you’re well-informed throughout the mortgage process!
Testimonial
Don't Just Take my Word For It
Dan Rogers
“Invaluable Expertise”
“Gurnik’s services exceeded all expectations. He seamlessly guided me through the intricacies of a mortgage offering invaluable expertise and recommendations.”
Kiera Stephenson
“Diligent and Responsive”
“I worked with Gurnik and he did a fantastic job. He was diligent and responsive which was needed for all my questions as a first time home buyer. Would recommend and thank you again!”
Abdi Reed
“Seamless Process”
“Just secured a mortgage with the help of Gurnik. He made the entire process seamless and worked around my busy schedule to keep me informed throughout the process.”
How It Works
Step 1
Schedule a Call
Scheduling a call with us makes getting to know you and understanding your needs seamless and convenient.
Step 2
Target & Approve
We will hunt down the best mortgage solutions for you and breakdown the options. Then, we will work on approving your mortgage.
Step 3
Close
Our relationship doesn’t end once you sign on the dotted. We’re here to support you for the lifetime of your mortgage.
Here’s What You’ll Get
Knowledgeable Guidance
Stress-free Experience
Competitive Rates
Mortgage Flexibility
Long-Term Strategic Relationship
Mortgage Education
Personalized Service
Fast Approvals
Ready To Get Started?
