Usually, people think of heading to their bank’s nearby branch when looking for a mortgage, but what if the Bank Says No? Banks normally have excellent customer service and deliver exactly what you require, but if your home loan was denied the best solution is to understand why the bank won’t give you a mortgage.
Steps You Should Take After a Rejected Application
You shouldn’t give up if the bank says no to your mortgage application. Canada has a wide range of lenders, including, but not limited to, banks. Financing is available from financial institutions other than Canada’s major banks, you have access to a variety of lenders, including co-ops, credit unions, investment firms, and others.
If one of the big five banks rejects your loan, you can always try your luck with a different tier of financial institutions.
Freedom Capital is a self-service commercial brokerage that specializes in rejected mortgage applications. Freedom Capital might be your financial lifeline if you’re getting divorced, having financial issues, or need fast access to funds due to a life situation.
Choose Freedom Capital When Bank Says No
When the bank says no, Freedom Capital has your back. We positively respond to previously declined mortgage applications from within the conventional lending box. We believe every person deserves a second chance or even more diverse financing options.
We have an extensive network of lenders who are always ready to approve mortgages immediately, no matter how complex they may be. Our private financing experts will help you every step of the way to secure approval for a private financing loan in as little as 48 hours.