Four Brokers Said No. Here's How We Got Their Deal Done.

This couple in rural Alberta now has every debt outside their consumer proposal paid out and rolled into one monthly payment, and they're on track to finish their proposal and start rebuilding their credit. Before they came to us, four other brokers had already told them no.

Here's how it came together.

How they got here

None of this was their fault. Illness hit, and they had family who needed their help. Like a lot of people in that spot, they did what they had to do, and the bills piled up. Eventually they filed a consumer proposal to get things under control. But by then they had also picked up more debt that wasn't part of the proposal.

When they went looking for a mortgage solution, they ran into a wall. Four brokers looked at their file. All four came back with a decline.

Why the deal was hard

This file had three big challenges, and any one of them is enough to scare most lenders off.

• They were in an active consumer proposal. Not finished, not discharged. Still in it. Most lenders won't touch that.

• We needed a lot of their home equity. To get them where they needed to be, the deal had to lean heavily on the value of their home.

• The property was rural. Many lenders limit how much they'll lend on rural properties, or won't lend on them at all.

Put those three together and you can see why the answer kept coming back no.

What we did

We found a lender who would look at the whole picture instead of stopping at the first red flag.

We got them the funds they needed and paid out all the debts that weren't included in their consumer proposal. The proposal itself stayed in place. Instead of juggling multiple payments on those other debts every month, they now have one.

Where they are now

Our clients are on track to finish their consumer proposal and start rebuilding their credit. They have one payment, a clear plan, and a way forward that didn't exist a few months ago.

They went through a hard stretch for reasons outside their control. They deserved a real shot at getting back on their feet, and now they have one.

If this sounds like your situation

A consumer proposal, a rural property, or needing a lot of your equity doesn't automatically mean no. Even if you've already been declined somewhere else, it's worth another look.

Every file is different, and we'll tell you honestly what's realistic. Call us at 587-900-0036 and let's look at yours.