Subprime Mortgages in Burnaby, BC

When purchasing a home, there are many factors to consider. Some of which are, high density residential areas, major commercial town centres, rapid transit, high technology research, business parks, film production studios and more. For the reasons listed above, Burnaby, BC is considered an ideal place to buy a home, which makes sense considering the popularity of mortgages. If you were at any point, considering to buy a home in Burnaby but were intimidated by housing prices then fortunately for you, you can secure a subprime mortgage to help you with your investment. Subprime mortgages are mortgages that don’t rely on the strength of your credit score for approval.

Depending on what type of private property you are interested in, Smarter Loans is dedicated to helping you connect with a subprime mortgage that can help you finance it.

There are a large number of mortgage companies to choose from in Burnaby so in order to help you compare them more effectively, Smarter Loans has organized all of the mortgage companies from Burnaby into one directory. Scroll down to make smarter decisions with your subprime mortgage so that you’ll be able to benefit from your decision over the long term.

Once you’ve made a confident decision regarding your subprime mortgage, simply click “apply now” beside the mortgage company that you’ve selected in order to proceed to the next phase. Alternatively you can also pre-apply with Smarter Loans in the case you don’t feel entirely ready to make a decision and would rather have a member of our team do it for you. If you pre-apply, we’ll take the weight off your shoulders and choose a subprime mortgage on your behalf.

Burnaby Information Sheet

  • On the average a household in Burnaby boasts an income of $81,700.
  • Based on the most recent available information, an average Burnaby inhabitant earns $42,000 per month.
  • Burnaby incorporation year: 1892 is a municipality in Southwestern British Columbia. Burnaby’s population: 233,000.
  • Employment rate is: 60%.
  • Burnaby’s primary employment sectors are health care and social assistance, accommodation and food services, professional, scientific and technical services.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Smarter Loans is your one stop shop for finding qualified Subprime Mortgage lenders in Burnaby for your borrowing needs.

Browse through our pool of Subprime Mortgage lenders to get access to current Subprime Mortgage rates in Burnaby

Subprime Mortgages are usually used for the following reasons

  • buying a house with lower credit scores
  • buying a house with non-existent credit history
  • refinancing an existing property
  • obtaining credit outside of conventional mortgage requirements of income and employment
  • gaining equity once the loan is paid off

to mention but a few.

Different Types of Loans in burnaby

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