Expert Advice

Mortgage Denied? Financing Advice and Tips

MortgageDenied1

What to do when the bank turns you down for a mortgage?

With all the lending changes and tightening that have transpired over the past year or more, it’s hard to know whether you will be approved for a mortgage, even if you have a good down payment and your credit is sound.

MortgageDenied4

You may even be a move-up buyer who currently has a mortgage already…but are now facing challenges when applying under the new lending rules.  The good news is that, in most cases, there are still options available to you so that you can finalize your house purchase with ease.

MortgageDenied2

TD will work closely with both you and our approved alterative lenders to find the right financing to suit your individual circumstances.   You will be presented with the alternate option(s) and can decide if the financing offered sounds right for you.  Then your deal can close on time with peace of mind.

MortgageDenied3

For more information on our “one-stop mortgage financing”, please contact a TD Mobile Mortgage Specialist today.

Norma Chrobak

 Prepared by:

 Norma Chrobak
Regional Sales Manager
TD Canada Trust
416 806 3212
Norma.chrobak@td.com

 

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.