The valued Toronto clients of Ontario Mortgage Expert are more than names in a ledger of loans. They’re our friends, neighbors, and family. With that in mind, we believe in second chances. Our bad-credit mortgages are opportunities at financial redemption and homeownership that few Greater Toronto Area lenders would extend

UNDERSTANDING FOR IMPERFECT LENDING

Face it, Canada’s tightened lending regulations have often made homeownership a more challenging proposition over the years, if not an impossible one. Ontario Mortgage Expert is in business to keep the dream of homeownership alive. Though credit checks can be the most daunting, nerve-racking regularity of the mortgage process, we’re willing to take a close look at even a distressed beacon score and work with lenders to determine how much we can help you

Falling on a scale from 300-900, your beacon score is a representation to any prospective lender of your credit-worthiness. Anything above 700 indicates “Excellent” credit, with the next step down from 620-700 considered “Good” to “Very Good,” 60-620 considered “Fair,” and any score below 600 deemed “Poor.” Truly “Bad” credit is marked by any score below 500.

Do be advised, if you have a score in the “Bad” area, most Toronto bad-credit mortgage lenders will request at least a 15% down payment, if not a larger one. However, making mortgage payments on time is a huge step forward in redeeming your credit history. We’d like to help. Contact Ontario Mortgage Expert today, and we’ll set up an initial consultation completely free of charge, in order to start guiding you through the process.

  • Term
    Our Rate
    Bank Rate
    1Yr Fixed
    2.60%
    3.00%
    2Yr Fixed
    3.45%
    4.12%
    3Yr Fixed
    4.30%
    2.60%
    4Yr Fixed
    2.60%
    5.60%
    5Yr Fixed
    2.60%
    4.66%
    6Yr Fixed
    2.30%
    2.60%
    7Yr Fixed
    3.60%
    3.60%
    Qualify Now