Bad credit Mortgage Brampton can Help you with all Financing Situations

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    Fast Approval

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    Low Affordable Monthly Payments

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    Great Mortgage Rates

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    Maximum Savings

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Rumy Gill - Mortgage Broker

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Bad Credit Mortgage: Clients Trust us to Help Get their Bad Credit Mortgage Approved

Bad Credit Mortgage situations are not fun and can cause a lot of stress financially. We Understand Sometimes Bad Things Happen to Good People and we can help. Let a 5 Star Mortgage Broker, Rumy Gill, help get back on track with your Credit so you can breathe easy again.

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Rumy Gill - Mortgage Broker

Google 5 Star Reviewed by Clients

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Very, very courteous and helpful people! They go out of their way to assist you with anything you need. Example, they were super patient and helpful with transferring data from my old phone to my new phone.

- Susan Lynch

Hi All, I must appreciate and commend his mortgage services as par excellence .The families Rumy has helped for their Mortgages are very happy and so do I.

- Anil Sharma

You're not just another client when you're working with Rumy. His knowledge, his willingness to go above and beyond and devote his time to helping us really meant a lot and with his helpful service, we were able to secure the best outcome for us.

- Raymond Paz

Great experience and great person to work with. He always made it about me and took care of all the things that mattered most to me for my mortgage approval in a quick and efficient manner. Highly recommend him as the mortgage broker to call and I will be referring all my friends and family to him.

- Satpal Chouhan

Rumy Gill is a Fantastic Mortgage Broker. He was able to refinance my mortgage and save me a lot a money. He helped me clear up all my high interest debts. I have already recommend Rumy Gill to all my friends and family and I really recommend you contact Rumy Gill for your Mortgage too.

- Sabendran sami

Get a free consultation for Bad Credit Mortgage Brampton

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Overcoming your Bankruptcy or Consumer Proposal

Did you know it could take as long as 7 long years from the last activity date for your Bankruptcy or Consumer Proposal to disappear from your Credit report. That means when you have been discharged from your Bankruptcy or Consumer Proposal it is not removed from your credit report and will show up. Most of the time, when a Bank or Mortgage Lender was listed in the Bankruptcy or Consumer Proposal they will not be willing to Approve you for a Mortgage  until you have proven you are able to re-establish your credit history again. This usually involves getting a secure credit card and working to build your history all over again, which can take you many years.

Bad or Low Bad Credit Score?

Good News for you is, we work with Mortgage Lenders who are willing to work with your Bad Credit situation, if your Bankruptcy or Consumer Proposal has been discharged for at least a minimum of 1 year and you have re-established your credit history you are in luck.

We are able to work with all Credit Score ratings, even if you have low credit score. We have over 50 Mortgage Lenders who we are able to help Clients with Bad Credit Approvals.

Let us help make sense of your Credit situation and help you with options that will help increase your credit score so we can bring you back to the Banks!

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Looking for a Bad Credit Mortgage Brampton

Speak to mortgage broker about the most affordable option given your credit score income and property

Bad credit Mortgage Payments Can Save you Money and Free Up Cash Flow!

Consolidate Debt! Pay off High-Interest Debt! Increase your Credit Score Rating!

BAD CREDIT MORTGAGE AMOUNT MINIMUM PAYMENT
$50,000 Borrowed $291.25 Month
$100,000 Borrowed $582.50 Month
$150,000 Borrowed $873.75 Month

*Examples of Approved Bad Credit Mortgage Payments for Clients based on minimum Interest only payments at 6.99% Rate on 75% LTV, some conditions may apply.

Credit Repair: Sometimes you need a helping hand to get you moving along on the right track. That's where we can, we help our Clients fix and re-establish their credit, even if you have Bad Credit Mortgage situation and the Banks won't Help, you can count on us to get your Bad Credit Mortgage Approved.

Mortgage Refinance in Brampton | Brampton Mortgage Broker - Rumy Gill

Have Too Much Debt? We have a Solution for you!

We understand life happens and things out of your control cause Debt to spiral you out of control. Such as, Constantly apply for new credit, Having too much Debt, or over utilizing your Debt can cause you to lower your credit score, resulting in a Bad Credit situation.
Good News for you, We can work with you just like we work with all of our Bad Credit Clients to help develop and implement a plan that will address and resolve your Debt issues so you can stop stressing about your finances and start enjoying your life again

Rumy Gill can Help you Get a Bad Credit Mortgage of up to $50k, $100k, $150k or More in Cash, Fast!

All you Have to do is Apply!

We Work with All Income and Credit Situations! Approvals on Home Equity are Available. Here are the Benefits of Working with Rumy Gill a Brampton Mortgage Broker for your Bad Credit Mortgage;

  • Declined by Bank

  • Consumer Proposal

  • Collections

  • Divorce

  • Loss of Job

  • Too Much Debt

  • Bad Investment

  • Health Issues

  • Laid Off

  • Death in the Family

  • Low Credit Score

  • Bankruptcy

  • Late Payments

  • Missed Payments

  • Over Spending

  • Over utilization of Credit

  • Fraud Victim

  • Identity Theft

  • Personal or Work Place Injury

  • Legal Matters or Disputes

Frequently Asked Questions

What is a Bad Credit Mortgage?

A Bad Credit Mortgage uses a different type of Mortgage Lender(s) that use favourable set of guidelines and criteria for lending money to individual(s) with Bad Credit. Due to these guidelines and criteria some lenders (Bad Credit Mortgage Lenders)  may see you more positively than others when looking at Approving your Mortgage as they use a more common sense approach to lending, unlike the Banks.

These Bad Credit Mortgage Lenders can even look at using your Property Equity to qualify your Mortgage instead of your credit score, whereas, most lenders like Banks are focused only on your credit score and credit history when Approving your Mortgage.

With our Bad Credit Mortgage Lenders there are no hard and fast rule of what’s considered bad credit or credit that cannot be Approved, our Bad Credit Mortgage Lenders work with all credit scores and Bad Credit situations. There are certain factors on a credit report that would make most lenders think you’re a higher risk like missing credit card payments, defaulting on a loan,and applying for credit too often but our Bad Credit Mortgage Lenders can make sense of it all and help you get your Mortgage Approved.

How do Bad Credit Mortgages work?

Bad Credit Mortgages are designed to help you build and reestablish your credit score rating and history so you can be seen a strong borrower. With Bad Credit Mortgages there is a limit on how much you can borrow. A Bad Credit Mortgage requires you have a deposit of at least  20-35% of the value of the property before you can purchase and if you are looking to Refinance then you will require to have anywhere between 20-35% Equity in your Home depending on your current situation.

Bad Credit Mortgages come with higher interest rates than what the Banks offer due to the risk of the borrower and they are usually short term Mortgages ranging between 1 to 3 years in length.

Can I Remortgage with Bad Credit?

If you already have a mortgage and you want to Remortage or refinance with bad credit, the first step is to keep up to date with your monthly mortgage payments, property tax, and monthly debts, to prove to the lender that you’re a responsible borrower, and you have built and reestablished your credit score rating and history so your Mortgage can be placed with the Bank after the term is up.

Brampton Mortgage Broker

Rumy Gill – Mortgage Broker

Direct: 416-855-0545 Ext 101
Email: Rumy@BramptonMortgageBroker.com

Brampton Office : 2260 Bovaird Dr. E. Unit 202A
Brampton, ON L6R 3J5
Mississauga Office : 213B-2970 Drew Road
Mississauga, ON L4T 0A6
Toronto Office : 250 Consumers Road, Suite 719
Toronto, ON M2J 4V6

Corporate Head Office

Mortgage Intelligence Corporate Head Office :
600 – 5770 Hurontario St., Mississauga, ON L5R 3G5

Direct: 416-855-0545 Ext 101
Fax: (416) 240-0593
Office: 416-855-0545 Ext 101

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