Complex Mortgage Solutions
Unusual situation? We specialize in finding mortgage solutions when the banks say no.
Not every borrower fits the standard lender template — and that is okay. Calgary Mortgage Shoppe has deep experience arranging mortgages for clients with complex financial situations, including damaged credit, recent bankruptcies, non-traditional income, and properties that do not meet standard lender criteria. If a traditional lender has turned you down, we have options.
Why Choose Calgary Mortgage Shoppe?
- Access to A, B, and private lenders
- Bruised credit and bankruptcy solutions
- Non-traditional income accepted by select lenders
- Rural, acreage, and non-standard properties financed
- Private mortgage bridge financing available
- Consumer proposal u2014 mortgage options from 1 year post-discharge
- Honest assessment u2014 we tell you exactly where you stand
- Credit rebuilding plan included with every consultation
Frequently Asked Questions
I was turned down by my bank. Can you still help?
Very likely yes. Banks use rigid automated systems that decline many applications that are genuinely approvable through B-lenders or alternative lenders. We review your situation and present realistic options.
What is a B-lender and how are their rates different?
B-lenders (also called alternative lenders) are federally regulated institutions that specialize in borrowers who do not qualify under standard A-lending guidelines. Their rates are typically 1%u20133% above prime A-lender rates, with lender and broker fees. They are a stepping stone u2014 most clients move back to A-lender rates within 2u20133 years.
How long after a bankruptcy can I get a mortgage?
With an A-lender, typically 2 years after absolute discharge with re-established credit. With a B-lender, some options exist from 1u20132 years post-discharge with a 20%+ down payment. Private lenders can sometimes help even sooner, based primarily on equity.
What is a private mortgage?
A private mortgage is funded by a private individual or investment group rather than a regulated institution. Approval is based primarily on property equity rather than borrower credit or income. Rates and fees are higher (8%u201314% typical), and terms are short (6u201324 months). They work well as a bridge solution while you rebuild your profile for institutional financing.
Will my credit score be checked?
Yes u2014 all lenders (including private) will pull your credit. We do a single soft pull to assess your situation before submitting your file, minimizing the impact on your score. We only submit to lenders we believe will approve you.