The primary reason that consumers choose alternative lenders is that the bank has turned down their mortgage request due to a poor credit rating, income stability, or a lack of downpayment. Banks set a fairly stiff criteria in general and as a result you will be much farther ahead dealing with Mortgage Alliance who will take only one application and save you the frustration of shopping around. You are a credit challenged applicant once your credit score is less than 600 and the number of non traditional lenders available in Canada are limited to but few. Often these lenders are not available to the general public and must be accessed using the resources of a broker like us.

Alternative Lenders are known to "think outside of the box" and offer flexible options like:

* Lower payments, amortize loan up to 35 years
* Self declared income, self employed
* No Notice of Assessments
* No Minimum beacon score
* No Maximum Gross Debt Servicing (GDS)
* Higher Maximum Total Debt Servicing (TDS)
* 1st and 2nd Mortgages, variable and fixed rates
* Co-borrower release option
* Contributory Income allowed
* Former Bankruptcy – one day discharged
* CMHC/Genworth turn downs

We have many financing solutions - give us a try, we understand!