May 082017
bmcmortgage

Buying a Home Before Yours Sells: Is Bridge Financing is a Good Idea?

When transitioning from one home to another, the closing of the two sales do not always coincide. Oftentimes, the closing date of the sale of your old home occurs after that of the home you are purchasing. This can leave you without the money to make a down payment on the new home since it remai ...Read More
Apr 122017
bmcmortgage

Dream of Owning a Home But Have Bad Credit? A Mortgage Broker Can Help

If you are one of the many Canadians with bad credit, owning a home may seem like an unattainable goal. However, at BMC Mortgage and Investments we do not think bad credit should be an obstacle to purchasing the house of your dreams. There are many things that our bad credit mortgage brokers (/b ...Read More
Mar 012017
bmcmortgage

What is Debt Consolidation and How Does It Work?

A credit card here, a car loan there, you may not realize how much debt you have accumulated until it's too late to make monthly payments comfortably. Perhaps you have had a change in employment or a sudden, large expense you hadn't counted on. Whatever the case may be, it does not take long bef ...Read More
Feb 062017
bmcmortgage

The Good and Bad of Bridge Financing

Situations can arise in life where you need fast access to a significant amount of cash for a short period. While there are many business instances, the most common of these situations is when you have listed your home for sale and before it sells, you find your dream home. You must come up with ...Read More
Jan 102017
bmcmortgage

What You Need to Know About Bad Credit Home Equity Loans

Owning a home in Edmonton can leave you cash-strapped, especially if you change employers or are forced to respond to an unexpected financial obligation. Perhaps, after struggling to meet financial commitments, you have applied for a loan only to be turned down. In these cases, Bad credit home e ...Read More
Dec 052016
bmcmortgage

How Using a Bad Credit Mortgage Broker Helps You in the Long Run

If you’re experiencing difficulties getting a mortgage due to bad credit, you may feel that your dream of owning a home seems more distant than ever. For many Edmontonians, being turned down for a mortgage due to bad credit feels like the end of line - but there is hope. Contacting your ba ...Read More
Oct 132016
bmcmortgage

What You Really Need to Know about Debt Consolidation Loans

Debt comes in a wide variety of forms and it can be easy to fall into having several sources of debt with high interest and large payment amounts. One of the most common solutions to people's debt problems in Edmonton are debt consolidation loans. While it sounds great, there are some things you ...Read More
Sep 082016
bmcmortgage

3 Things to Remember When Getting a 2nd Mortgage

When you purchased your home, you made an investment so you would build up equity rather than having nothing to show for monthly rent payments on an apartment. Then the times comes where you realize that your debts have grown and that you need to access that equity by getting a second mortgage s ...Read More
Aug 112016
bmcmortgage

Common Myths About Credit Scores

Understanding how credit scores work can be confusing and make it difficult for you to maintain a good score. As bad credit lenders, we have seen many clients with good intentions struggle because their credit rating is too low to borrow money. Here are some of the most common myths about credit ...Read More
Jul 142016
bmcmortgage

Home Equity Loans: How It Works

When you are short on cash and your credit rating is less than stellar, banks and other financial institutions are likely to turn your loan request down without a second glance. It might seem impossible to get out of your situation when if you just had a bit of help, you could change your financ ...Read More
Learn More About Getting a Mortgage with Bad Credit