Qualifying for a Mortgage after Bankruptcy

Contact Marko Gelo, he's a Mortgage Broker!604-800-9593 cell/text Vancouver403-606-3751 cell/text CalgaryCall Marko via WhatsApphomefinancingsolutions.caMost people assume that a smaller bankruptcy is easier to overcome when applying for a mortgage — but the opposite is often true, and the reason why reveals a lot about how lenders think. Most major lenders won't even consider a mortgage application from someone with a past bankruptcy unless the amount exceeded $50,000, and understanding the logic behind that rule is something every borrower with past credit challenges needs to know. This episode breaks down exactly why this threshold exists, what other conditions apply, and what your options are if your bankruptcy falls below it.CLICK HERE to be redirected to the blog version of this episode.CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube ChannelCLICK HERE to download Marko's award-winning Mobile Mortgage App! Hosted on Acast. See acast.com/privacy for more information.