Bruised Credit Mortgages in Ontario

Life can impact your credit—job loss, separation, or debt challenges may make traditional mortgages difficult. A bruised credit mortgage helps Ontarians continue homeownership even with imperfect credit. Mortio Financial specializes in finding flexible solutions for buyers and homeowners navigating these challenges.

A bruised credit mortgage is designed for borrowers with late payments, past defaults, or even discharged bankruptcy. Lenders often focus on home equity, income stability, debt-to-income ratio, and down payment size rather than past credit issues. These mortgages are commonly used for home purchases, refinancing, debt consolidation, or for self-employed borrowers with non-traditional income.

Eligibility typically requires some property equity, stable income, and the ability to make mortgage payments. Interest rates range from 7%–15%, with short-term terms often around one year. While more expensive than traditional financing, these mortgages provide a bridge to rebuild credit and access better rates in the future.

Mortio Financial helps homeowners compare lenders, structure realistic mortgages, and plan for credit recovery, ensuring clients understand costs, terms, and strategies for long-term stability. With the right guidance, a bruised credit mortgage can be a stepping stone toward financial recovery and future homeownership opportunities.

Ready to Explore Your Mortgage Options?