Alternative lenders in Canada
Alternative lenders usually offer more flexibility when it comes to financing and lending. They are perfect for people who do not meet all the strict criteria demanded by Canadian big banks.
Big banks often require a massive amount of paperwork that has to be thoroughly vetted and filed before they even begin considering you for a loan. This can be disheartening and overwhelming when you are trying to get the financing you need.
Alternative lenders in Canada, like Alpine Credits, can offer you loan options based on your unique requirements. Unlike big banks, we are not obsessed with your income and credit score. We are more concerned about your home equity. As long as you have equity in your home, we can help you meet your short or long-term financial needs.
We are here to help even if you have a less-than-perfect credit score or unstable income. Learn more about our loan options and how to apply for alternative mortgage lending in Canada through Alpine Credits.
Why should I choose Alpine Credits?
For over 50 years, Alpine Credits has been a leading private lender in the Canadian market. We have helped millions of homeowners like you meet their financial goals. Regardless of your age, income, or credit history, Alpine Credits can help you get the funds you need. Your application is approved in less than 24 hours and the funds are deposited in your account within a week.
Traditional lenders vs. alternative mortgage lenders
Traditional lenders are usually big banks who require the applicants to have a high credit score with no default history. The other criteria include a stable & verifiable income, the proof for which includes several pay stubs or a letter from your employer.
Big banks also want to make sure that your income is verifiable and stable. This will include submitting several pay stubs or a letter from your employer. If you do not have a stable income, banks often cannot make exceptions which may result in the rejection of your application.
Alternative lenders like Alpine Credits, meanwhile, are allowed to make exceptions for Canadians who may not meet every single requirement for a loan from a traditional bank. They are also often willing to look over low credit scores and unstable income if you have equity in your home that can be used as collateral.
Over the recent years, the federal government has forced large banks to cut back the size of mortgage loans. This makes it especially hard for self-employed borrowers to obtain the money they need. The new rules also impact homeowners looking to refinance their mortgage.
What kind of loans do alternative lenders give?
Each alternative lending company offers different loans at different rates. Alpine Credits offers many alternative mortgage options in Canada. These are just some of the examples:
Debt consolidation loans
One of the best ways to refinance debt is with a debt consolidation loan. It can be difficult to get ahead with mounting debt, especially when you are trying to pay multiple credit card balances at one time.
Putting all your credit card debt into one loan can help you pay the total balance off quicker. We can give you a better loan structure, a lower interest rate, and a more favorable term.
Like all our loans, we only look at your home equity to determine if you qualify. Your application can be approved in under 24 hours.
Education
Modern education can be very costly but going back to school or giving your children a quality education should not be impossible. A home equity loan offers you the flexibility you need for financing education.
Our team at Alpine Credits can help you receive a home equity loan that will easily jumpstart your educational career or support you in paying your children’s tuition.
Home renovation
Renovating your home can be expensive, our home improvement loans can help you take that next step. You can use the funds to cover a wide variety of expenses like kitchen upgrades, remodeling, new paint, new flooring, and roof replacements just to name a few. All our lending specialists are capable of working with you to understand your needs and suggest the best loan options.
Investment
Alpine Credits is here to help make your investment dreams come true. We will work with you to understand your investment desires and ensure that you are financially ready to start. We will strive to make sure you have everything you need to begin investing, whether it is a small or large amount.
New to canada loans
If you are an immigrant in Canada or have only been living in Canada for a short time, banks and traditional lenders may not be willing to offer you a loan. This is partly because you won’t have a stable income or credit score that is based in Canada.
With our simple application process, you can be approved even if you are new to Canada. We will only look at your home equity value. We have worked with several applicants that are new to Canada and helped them achieve their financial goals.
It doesn’t matter how long you have owned your home in Canada, we are ready to help.
Business loans
Sometimes you might find yourself in a situation where you are ready to start a new business but do not have all the financial resources set up.
One of the most popular things we do as an alternative mortgage lender is giving people loans to start a new business or help grow an existing one.
Contact Alpine Credits today for an alternative loan
We offer flexible funding programs, high approval rates, less stringent lending criteria, and tailored solutions to meet all your needs. Click Here to fill out our simple online application today.
Contact Alpine Credits to tell us more about your unique requirements and our team can present you with a no-obligation quote.