Finding the right B Lender Mortgage in Canada doesn’t have to be complicated. Whether you are self-employed or rebuilding your credit, an alternative mortgage solution can help you secure your home when traditional banks say no.
B Lender & Alternative Lending Solutions
Expert guidance for British Columbians & Nova Scotians who don’t fit the “Big Bank” mold. When traditional banks say no, we say let’s find a way.
Is an Alt-Lender Right for You?
B-Lenders cater to unique financial stories. You might need an alternative solution if you fall into these categories:
Self-Employed
You have a successful business but use legal write-offs that lower your net income. We use Bank Statement Programs to see your true cash flow.
Credit Recovery
Life happens. If your credit score has taken a hit due to past debts, an Alt-Lender allows you to secure a home while we work on rebuilding your score.
Debt Consolidation
High-interest credit cards or CRA debt holding you back? We can often pull equity from your home at “B” rates to wipe out 20%+ interest debt.
Extended Ratios
Sometimes you just need a little more “reach” than the Stress Test allows. B-Lenders offer more flexibility on debt-to-income qualification.
The B-Lender Blueprint: Advantages & Trade-offs
Strategic Advantages
- Lenient Qualification: Perfect for non-traditional income.
- Flexible Terms: Custom repayment options that fit your life.
- Stated Income: Focus on bank statements rather than T4s.
- Unique Properties: They approve homes that big banks won’t touch.
Standard Trade-offs
- Interest Rates: Typically 1-2% higher than “A” rates.
- Lender Fees: Most Alt-Lenders charge a 1% processing fee.
- No HELOCs: Most B-products do not offer lines of credit.
- Shorter Terms: Usually 1-2 year terms to bridge you back.
Expert Access to Top Alt-Lenders
Ready to stop the “No’s” and start the “Yes”?
Your situation is unique. Let’s look at your bank statements and craft a plan that actually works.
Apply for an Alt-Mortgage