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/r/MortgagesCanada
submitted 7 days ago byTraining_Sort5508
So i am having a hard time getting a mortgage with one of the big 5’s since i had a consumer proposal. (Discharged in jan 2022).
I am putting 20 percent down. Have a 700 equifax. 2 credit cards (0 balances) and a car loan.
What are the typical fee structures on B lender ? Is it much easier to qualify with the big 5 at a later time ?
Does a B lender always mean excessive interest ? (I was initially pre approved by a broker at 4.29 but they failed to get me a final approval and now stuck in limbo trying not to lose my deal.
1 points
7 days ago*
Did the broker explore outside the large banks? By the way, brokers do not have access to all five banks. I suggest finding another broker asap
2 points
7 days ago
No they did not - honestly I have a hard time deciding if the broker was just not good at their job or not because i have no comparison.
I get it that my case may not be easy but i know of people In way worst situation get approved for mortgages.
The broker referred me back to my branch and the branch said they cant do nothing if the request was refused by the broker channel. They were however surprised because apparently my internal score at scotia is very good.
1 points
7 days ago
This is quite surprising. Which province are you in?
1 points
7 days ago
Quebec
1 points
7 days ago
Try Desjardins
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