Questions are a good place to start.

There may be options. Alternative and private lenders may consider applications that do not fit traditional lending guidelines. They still review your ability to repay, property, equity or down payment, debts, and credit history. Financing is always subject to lender approval and underwriting.

Past bankruptcy does not necessarily rule out every mortgage option. Lenders may assess the status of the bankruptcy, any discharge documents, your current finances, and the property differently. There is no single waiting period that applies to every lender. A consultation can help clarify which options may be worth exploring.

A consumer proposal may affect eligibility, but does not automatically exclude every lending option. Its status, supporting documents, repayment ability, and property details may all matter. Any mortgage option requires lender assessment. For questions about the proposal itself, consult your Licensed Insolvency Trustee or legal adviser.

This consultation form does not request a credit report. A lender application may involve a credit inquiry, which can affect your credit file. Before proceeding, ask what type of inquiry is needed, who will request it, and what consent is required.

Equity can be an important factor, but it is not the only one. A private lender may also review property condition and location, existing mortgages, income, affordability, and how the mortgage will be repaid at the end of its term. Having equity does not guarantee approval.

Refinancing or renewal may be possible, depending on the lender, property, existing mortgage, income, debts, and credit circumstances. A renewal is not necessarily automatic. Reviewing your options before your current term ends can give you time to understand any conditions and costs.

They can carry different costs from traditional mortgages. Interest, lender and brokerage fees, legal costs, appraisal costs, and repayment conditions can affect the total cost. Request written disclosures and compare the full cost and suitability, rather than focusing on a headline rate. No specific rate or fee is promised here.

“Second chance mortgage” is a general phrase used for financing considered after credit challenges. It is not a promise of approval or a single standardized mortgage program. Each lender has its own assessment and conditions.

Meshesha Robel can contact you using your selected contact method to discuss your mortgage goal and circumstances. Further documents or consent may be needed before any lender application. Sending the form is a consultation request, not a mortgage application or an approval.

Meshesha Robel is a licensed mortgage intermediary who arranges financing through third party lenders, is not a direct lender, and all financing is subject to lender approval and underwriting.