Monday, October 27, 2008

Vancouver Mortgages Are Not Out of Reach

This particular entry is aimed at the population of Vancouver who, for whatever reason, may not fit into the desirable profile of a mortgage applicant at a “traditional” lender. Not sure if you fit into this category? Maybe you are:

· New to the country / lacking a credit history
· A commission based sales person / entrepreneur
· Stuck with a bad credit history
· Recovering from a bankruptcy

As the housing prices in Vancouver and surrounding areas seem to skyrocket and banks become more cautious, many “non-traditional” borrowers are finding that mortgages in the Vancouver area are a little out of reach. I feel, however, that if you do not fall into the “traditional” Vancouver mortgages applicant category, this does not mean that you are the problem. It simply means that a traditional lending scenario many not be in your best interest. My suggestion would be to call a resourceful and experienced mortgage broker in Vancouver. He or will likely have a vast amount of viable mortgage options available to you.

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