Re-Finance
Re-Finance Buy Back
We are finding that many lenders are recalling mortgage loans due to late or missed payments, low credit scores, or sub primed lenders that are simply not in the mortgage business in Canada any more (orphaned mortgages) such as GE Money, Citi Financial, Wells Fargo, N-Brook, and Accredited. Mortgage agents are finding it more and more difficult to find a replacement sub-prime lender in today’s lending world. Home Owner Soon specializes in re-finance buy backs since our program suits any home with a minimum of 10% equity (certain restrictions), we find we can keep you and your family in your home while you rebuild your credit during the program and exit out at the end and hopefully be approved with a National bank lender. We can stop the drama of eviction, the humiliation and lost of respect or seeing your personal belongings moved out into the streets while your wife and kids are shocked. Due to our program, we generally build a down payment close to 15% or more. To ensure success, we would like to see you in our PROSPER credit rebuilding program (extra cost) to ensure success in our program.
Power of Sale
If you find yourself facing a Bailiff after a notice of eviction, there is still hope. Once approved, we can still work with the lender’s lawyer to secure back the home with our investor. Depending on how far the legal process has taken, many times we can negotiate a roll down in fee’s in order to make the deal work. In some cases the mortgage was higher than the market value of the home due to a market correction.
Speak to your mortgage agent to see if this program would work for you.
