Mortgage Solutions After Credit Events in BC
A credit event is something that happened, not who you are. We help BC homeowners move forward with financing that recognizes your whole picture.
A credit event does not define your future. Whether you have been through a bankruptcy, consumer proposal, divorce, or an unexpected financial difficulty, thousands of Canadians rebuild and move forward every year. Our job is to find you the right financing now and build a clear path back to conventional terms.
Moving Forward After a Financial Setback
Life is unpredictable. Lenders who look at the full picture can see past a credit event to the person rebuilding on the other side.
Traditional banks rely heavily on credit scores and automated systems. When a credit event shows up on your file, the system says no, even if your current income and stability are strong. That is not a reflection of you. It is a limitation of their process.
Alternative and private lenders take a different approach. They consider your equity position, employment stability, and the steps you have already taken to rebuild. Combined with a clear exit strategy, these programs give you the financing you need while you work toward conventional qualification.
Common Situations
Credit Events We Help With
Every situation is different, and each has its own lending landscape. Here are some of the most common scenarios we work with.
Bankruptcy
After discharge, many lenders will consider your application. The timeline depends on how recently you were discharged and whether it was a first-time or subsequent bankruptcy. Most borrowers can access conventional lending within two to three years of discharge.
Consumer Proposal
A consumer proposal does not prevent you from getting a mortgage. Some lenders will consider your application while the proposal is still active, especially if your equity position is strong. Others require completion plus a period of re-established credit.
Missed Payments or Collections
Late payments and collections on your credit report affect your score, but alternative lenders look at the context. A period of consistent recent payment history can offset past difficulties, especially when combined with solid equity.
Divorce or Separation
Relationship breakdown often brings financial complications: joint debts, legal costs, and temporary income disruption. We help recently separated individuals restructure their mortgage and get back on stable financial footing.
How It Works
Your Path Forward
Understand Your Current Position
We review your credit history, current income, equity, and the specifics of your credit event to understand exactly where you stand and what options are available.
Find the Right Fit
We match you to lenders whose criteria align with your situation, negotiating the best rate and terms available for your profile. Every cost is disclosed upfront.
Map Your Recovery Timeline
We create a documented exit strategy with clear milestones: credit score targets, payment history requirements, and a realistic timeline to transition to conventional lending.
Why Work with Us
Experienced, Empathetic Guidance
Judgment-Free Process
We approach every file with empathy and professionalism. We have helped hundreds of borrowers through credit events and understand the human side of these situations.
Documented Exit Strategy
Every arrangement includes a written plan with specific milestones to move you toward conventional financing, typically within 12 to 24 months.
Full Cost Transparency
Alternative lending often carries higher rates and may include lender or broker fees. We explain every cost before you commit, so there are never surprises.
Timely Solutions
When you need financing during a transition period, speed matters. Our lender relationships mean faster approvals and less uncertainty.
Credit Rebuilding Guidance
Beyond finding you a mortgage, we help you understand what steps will have the most impact on rebuilding your credit profile for future qualification.
Experienced Advocacy
Over 30 years of alternative lending experience means we know how to present your file in the strongest possible light to the right lenders.
Your Path Back to Conventional Lending
Alternative lending after a credit event is a bridge, not a destination. The goal is always to move you to conventional terms as quickly as your situation allows.
We set specific, measurable milestones from day one: a target credit score, a minimum period of clean payment history, and income documentation requirements. At each renewal, we reassess your file against conventional lending criteria.
Most clients who follow their exit strategy transition to conventional lending within 12 to 24 months. Some move faster, depending on the nature of the credit event and the strength of their recovery.
Common Questions
Credit Event Mortgage FAQ
With alternative or private lending, you may be able to get a mortgage shortly after your discharge, depending on your equity position and current income. For conventional (A-lender) mortgage qualification, most lenders require two years after a first-time discharge with re-established credit. A second bankruptcy typically requires a longer waiting period. We can assess your specific timeline during a no-obligation conversation.
Yes. Some alternative lenders will consider mortgage applications while a consumer proposal is still active, particularly if you have strong equity in your property. The terms will reflect the active proposal, and rates will be higher than conventional lending. Once the proposal is completed and you have re-established credit, more lender options become available. We help you understand the trade-offs of applying now versus waiting.
Divorce or separation can affect your mortgage in several ways: you may need to refinance to remove a spouse from the title, your income may change, and legal costs can temporarily impact your finances. We help separated and divorced borrowers navigate these challenges, whether that means qualifying on a single income, accessing equity to settle obligations, or finding temporary financing while your situation stabilizes.
No. Alternative lending is a bridge, not a permanent solution. Most borrowers transition back to conventional lending within 12 to 24 months after a credit event, depending on the severity and the steps taken to rebuild. We create a documented exit strategy from day one with clear milestones so you know exactly what you are working toward and when you can expect to qualify for better terms.
Missed mortgage payments are reported to credit bureaus and can remain on your file for six to seven years. They significantly affect your credit score and can make qualifying with traditional lenders difficult. However, alternative lenders place less weight on past missed payments if you can demonstrate a recent period of consistent, on-time payments and have sufficient equity. The key is establishing a pattern of reliability going forward.
Ready to Move Forward?
No obligation, no judgment, no credit check required to start the conversation. Let us show you what is possible.