Mortgages for Borrowers Declined for Credit
Even when the bank said no – there is a way forward
Did the bank reject your mortgage application?
Do you have a negative credit report, debts or a case under execution?
Do you feel like the dream of owning your own home has gotten farther away?
A bank's refusal is not necessarily the end of the road. Often, the refusal stems from the way the case was presented, from an old debt that has not been settled, or from a problem with the credit report that can be addressed. With professional guidance, we examine the full picture, arrange what is needed, and look for the financing path that suits your situation – at a bank or at supervised non-bank financing entities.
What can be done?
• Checking the credit report and correcting errors, if any
• Settlement of existing debts and preparation of a convincing case for banks
• Adding additional guarantors or borrowers, when appropriate
• Non-bank financing or a loan against pension and provident funds
Key points in securing a mortgage after a credit refusal
Professional analysis of the credit portfolio and the reasons for refusal
- Preparing a complete and organized portfolio for banks and financing entities
- Negotiating and adapting a financing path to your situation
From the field: Six brothers inherited their parents' house. One of them had debts in foreclosure. The brothers wanted to help him pay off the debts, but purchasing his share would have affected the tax benefit that the heirs have when selling the property in the future. Instead of purchasing, we raised a mortgage for them to cover the debts. It wasn't easy, because one of the owners was in bankruptcy proceedings, but the solution preserved the rights of the entire family.
I am here for you.
I will personally guide you from the first review to receiving financing: diagnosing the reasons for the refusal, building a plan to improve the case, contacting the appropriate funding bodies and negotiating with them. There is no guarantee of approval, but there is a professional, honest and thorough review of all the options available to you.
Ready to get started?
Contact us today to have your case reviewed.