by NewBegininng » Tue Mar 09, 2010 04:05:28 PM
Fresh out of bankruptcy , 2 years out actually.
I am looking for a Mortgage Broker who has experience in cases like mine:
1. Already 2 years since automatic discharge from my first and only Bankruptcy
2 Previously filed a Consumer Proposal which failed and led to Bankruptcy. My previous Broker had no idea what the difference was and kept talking that I had two bankruptcies. although they're on the same debt accounts.
3. I have 3 years with the same employer and make GREAT money (90k plus)
4. Already have a credit card and credit history getting better. Equifax score 625. Transunion I can't get it because their site is a mess.
My previous broker failed to get me a decent deal , and turned out I knew more about his business than he did. I told him to wait until the 2 years period after discharge was over but he pushed me to apply for Pre- approval and came back with negative response and a few really crappy deals form "non mainstream" lenders he had.
My understanding is that now should be easier to get a decent deal with CMHC backed mortgage for a new home.
Please advise and help.