Bad Credit No Income Mortgage

For situations where your credit may be less than perfect, a no income home equity loan may be an option. No Income Self Employed Mortgages are available to those that have less than perfect credit or bad credit. Approvals are based on the valueof your property and not your credit. We are able to provide refinances up to 80% of the appraised value of your home, depending on your location. If you are Self Employed and have equity in your home, we can help access it and get your approved. Rates are based on the overall application, location and risk.

Like any mortgage, the higher your credit score is, the lower of a rate you will receive. This is true in all mortgage situations. Net income is taken into account on occasion, however your credit history is the most important aspect in determining your interest rate on your mortgages or loan. Although good credit is advised in every mortgage loan situation, it is not required to be able to obtain a self employed no income mortgage in BC. Properties must be located in BC and within 25km of and urban center ( more than 50,000 people.)

• Up to 80% loan-to-value depending on Vacation
• No proof of Income required
• Based on equity left in home, not credit or previous mortgage re-payment history