Sub-Prime Mortgages in Calgary

How are Calgary mortgage brokers so successful at arranging mortgages for clients even after the banks turn them down?

The answer is simple; unlike your bank, our Calgary mortgage brokers have sub-prime mortgages to offer our clients. Sub-prime mortgages are those that are not insured by CMHC / Genworth, they would be considered a higher risk mortgage. There are a number of reasons why a client would need a sub-prime mortgage here in Calgary; low credit score, hard to prove income, or a combination of several small issues.

The mortgage rates for sub-prime mortgages in Calgary are higher than what you would pay on a prime wholesale mortgage, but for many of our clients the cost is worth it in order to get into their new home sooner. A Calgary mortgage broker can show you pros and cons of this mortgage to show you how just a few more dollars every month can get you into a home sooner.

Call one of our Calgary mortgage brokers today and let us evaluate your situation; our sub-prime mortgages in Calgary may still be an option for you.

Calgary Mortgage Brokers