Discharged & not Discharged from Bankruptcy Mortgages Lenders in BC Canada
The Mortgage Group Canada Inc.

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  After Bankruptcy Mortgage Lenders BC Canada
  Depending on where you are in or after a Bankruptcy in British Columbia Canada you do have some mortgage options available to you. Conventional Bank lending has restrictions on reestablished credit and time discharged from bankruptcy where some Private Mortgage lenders have creative financing available to you right after discharged. Contact your Vancouver BC Mortgage Broker to prepare your application. 1-877-744-3436 Jeff Di Lorenzo

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  Conventional Lender

  Conventional Lending, the majority of Conforming Lenders will require at least one and sometimes two full year’s since the Discharge was filed as well as the ability to show re-established bank credit for a minimum of 1 year before granting a mortgage.   Rates will vary.

  High-Ratio Lender

  High-Ratio Lending, each Insurer has similar policies. Minimum of 2 years since the Discharge was filed as well as the ability to show re-established bank credit for a minimum of 1 year. Rates will be fully discounted.

  Some further restrictions:

  • The reason for the bankruptcy was an acceptable event (business failure or marital split) rather than mismanagement
  
  • Applicants have down payment and closing costs from their own resources (not a gift)
  
  • Applicants Credit Bureau Report shows 1 year of re-established credit. (Major credit card or bank loan) 

  Private Lender - Non-Conforming Lender
  
  Most Non-Conforming/Private Lenders make their own policies on Bankruptcy. Some lend the day after the “Discharge” has been filed. Rates are usually posted plus.

• Back to Private Financing
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