Consumer proposals can offer a safe way to avoid filing for bankruptcy.
You agree to a manageable repayment plan and reduce how much of the actual debt you pay back.
Get yourself out of bad credit situation
When you have a poor credit, bad credit, horrible credit, or no credit applies for a mortgage loan, a bad credit mortgage comes in handy.
Given the strict regulations and policy changes, banks and most other conventional lenders shy away from funding mortgages of people with bad credit. When the credit score is bad, these traditional lenders will consider the risk of default as high, which is seen to be a bad thing in the lending and investment business.
At Mortgage loan Ontario, we have access to a specialized network of lenders, who provide mortgage loans to all credit situations. Many of the lenders who we work with provide quick approvals for people with bad credit or low income, or self declared income.
Getting bad credit mortgages from an alternative lender or a private lender, and making payments on time can help you repair and improve your credit scores.
We specialize in providing the right mortgage loan solution for your needs at the lowest rates and competitive terms in the industry.
A Clear and simple path to financial freedom.
Provide details for any type of mortgage requirement.
Our approval process is short and easy.
Cash gets credited within a couple of days.
A consumer proposal is a debt settlement agreement, filed with a Licensed Insolvency Trustee. It helps in availing debt forgiveness by paying a part of what you owe your creditors.
Consumer proposal helps someone struggling to repay debts, by avoiding bankruptcy. This helps in largely reducing your financial stress and also retain your assets
Unlike bankruptcy, your assets will stay with you, including investments and equity in your home.
A consumer proposal will affect your credit rating in the short-term, but in the long-term you may see an improved credit score rating if you stick to the plan.