B Lending – For When Your Bank Or Credit Union Decline Your Application
B Lenders specialize in helping Canadians to have weak credit, are self employed and have more than 20% equity or down payment.
Borrowers who do not fit inside the box of traditional banks or credit unions can usually rely on B lender to approve their applications.
Typical Client Profiles For B Lenders:
– Self employed without a 2 year history in business
– Previous bankruptcy or consumer proposal
– Can use mortgage proceeds to payout bankruptcy or consumer proposal early.
– Commissioned Sales People
B lenders provide short term lending solutions, usually 1-3 year terms. Fees are typically 1%-3% of the total mortgage amount.
Contact us today to see if B Lending is the right solution for you.