Bad Credit Mortgages

True North Mortgage is known for offering the lowest rates in Canada — but maybe you think you need 'perfect' credit to get our help. Not true! If you own a home or have a down payment ready, give us a shout. It'll be worth your while to see what we can do for you!

Get back on track — with our creative mortgage solutions.

Life happens! And when it does, sometimes it can have a negative effect on your credit. That doesn't mean all hope is lost for your mortgage needs.

At True North Mortgage, our friendly brokers have over 20 years of experience in alternative lending. We've helped thousands of deserving Canadians, like you, turn their credit from a negative into a positive situation.

While your rates and fees may be higher at the start, we work with you over time to get you back into the low bank rates you deserve — giving you the tools to improve your credit, so that you can rebuild as quickly as possible.

We provide targeted advice based on your unique situation. Contact us today, and we'll get started!

We're experts at helping clients overcome bad credit. Here are some examples.

Borrower 1: Our client was dealing with the aftermath of a relationship that ended. The ex had maxed out all their credit, leaving behind 2 kids, with no support and all the bills. We helped them refinance and get back on track. Within 2 years, our client was once again able to get their best bank rates.

Borrower 2: This client got injured at work and had no disability insurance, but lots of equity in their home that they've owned for 10 years. They had always paid their mortgage payments on time, but were about to start missing payments. Because they had built up enough equity, we were able to get them a second mortgage to provide enough money to pay the bills until they were back to full-time work. This solution saved their credit standing, and once they were back to work, we helped them refinance at their best bank rates.

Borrower 3: This particular client had a travel business, but due to COVID-19 restrictions had no revenue for almost a year. However, they had equity in their home, and we were able to provide them with a second mortgage to cover their lost income for the year. Once they get their business back up and running again, we'll help them refinance with a lender at their best-possible rates.

Borrower 4: Our client had previously filed for bankruptcy due to a failed business. Since that point, they've been able to find permanent full-time employment. Now, they wanted to buy a house, but had not been discharged for the required two years, and nor did they have two full years of re-established credit. But, because their parents had gifted them a 20% down payment (the minimum required), we were able to obtain financing with an alternative lender so that they could purchase their home. Once they have re-established their credit for the required time period, we'll help them refinance at their best rates.

Can we help you? Contact us today for the right mortgage advice.

We're here for you — anywhere you are in Canada.