Bad Credit Home LoansBad Credit Mortgage Refinancing

When you find yourself in a position where you have to replace your current mortgage with a new one and you have less than stellar credit, banks and other major lending institutions are likely going to turn you down. BMC Mortgage &Investments has been helping people in Edmonton and surrounding Alberta areas qualify for mortgage refinancing despite bad credit for more than 40 years.

Bad Credit Mortgage Refinancing with Options

When you have bad credit, there can be any number of reasons to refinance your mortgage. Some of these include:

  • Seeking a lower interest rate
  • Mortgage is due to be renewed
  • You are in a foreclosure situation
  • Lending institution is refusing your mortgage renewal

No matter what your reason for seeking a new mortgage, your financial experts at BMC Mortgage & Investments will provide you with a free consultation to ensure you are aware of all available options and help you choose the financing that best suits your needs.

Benefits to Bad Credit Mortgage Refinancing

No one sets out to get themselves in debt and become a credit risk. Jobs are lost or changed, sickness or injury may prevent you from working or any number of things that life can toss your way may have combined to make your debt seem insurmountable. While most banks and lending institutions don't allow for things to go wrong, that is just not realistic and at BMC Mortgage & Investments we understand that. We strive to offer you real solutions that will solve your financial problems rather than making them worse.

Depending on your current situation and the equity you have built up in your home or property, refinancing your mortgage even with bad credit may provide the following benefits:

  • We can help prevent foreclosure or non-renewal within weeks of legal action
  • You will receive the best possible rates for your situation and most of the time you'll have several options presented
  • Additional money may be available to reduce your debt or make improvements to your home

If you need bad credit mortgage refinancing, look no further than to your financial experts of BMC Mortgage & Investments. Let us put our vast experience serving clients in Edmonton and surrounding Alberta areas to work for you.

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Bad Credit Debt Consolidation Loans

Why Would You Need Bad Credit Mortgage Refinancing?

  • You want a lower interest rate
  • You are in a foreclosure situation
  • It is almost time to renew your mortgage
  • Pay off other large debts
  • Consolidate your debts
  • Change from adjustable to fixed rate 

 

THE Latest From BMC MORTGAGE & INVESTMENTS LTD.


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Millennials are responsible with consumer debt, but are they too responsible? Research indicates that not accumulating debt could hinder, rather than help, millennials' financial future -- especially when it comes time to buy a house. Here's why more millennials are having to turn to poor credit score mortgage solutions  to purchase a home. 

Why Use a Bad Credit Mortgage Broker

Nov 012017

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Fear of being denied financing leads many people with less-than-stellar credit to simply avoid applying for a mortgage altogether. But while your borrowing history is an important factor in getting approved for a mortgage, it is possible to secure a home loan with poor credit. Here are a few reasons to consider working with a bad credit mortgage broker in your mortgage search. 

What to Ask Your Mortgage Broker About Refinancing with Bad Credit

Oct 172017

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Refinancing a mortgage allows homeowners to lower their monthly payments while taking advantage of lower interest rates. But for those with poor credit, getting approved for refinancing can be a challenge. Here are three questions to ask your mortgage broker about refinancing a mortgage with bad credit. 

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