Does having a bad credit score keep you from getting a mortgage? No, it does not. Yes, you may be frustrated by being turned down by different lenders. However, being, matched with the right products and lenders will come in handy.
At GT Mortgages, we work with numerous lenders, and a good number of them accept borrowers who have a Bad Credit Score. It is usually those borrowers with a credit score that is lower than 550. After filling your mortgage application form, we will present it to potential lenders for review and consideration.
Depending on your credit score, you may need to make a down payment of a minimum of 15%. We try our best to match borrowers with products with low rates and those suited to their needs.
Contact our Mortgage Broker to learn more about whether you have a Bad Credit Score and how to go about getting a mortgage.