What does a mortgage broker in Kelowna do?

A Kelowna mortgage broker like Ash Simpson shops your mortgage application across 50+ banks and lenders to find the best rate and terms for your situation. Unlike going directly to one bank, a broker gives you access to the full market — at no cost to you, since brokers are paid by the lender.

Can self-employed people get a mortgage in BC?

Yes. Self-employed Canadians in BC can qualify for mortgages through stated income programs, bank statement mortgages, and Alt-A lenders. Traditional banks often decline self-employed applicants because their taxable income appears low on paper. Ash Simpson at Insight Mortgage specializes in self-employed mortgage solutions that work around this.

Can I get a mortgage in BC with bad credit?

Yes. Ash Simpson works with alternative and private lenders in BC who offer mortgages to borrowers with damaged or limited credit. These solutions can also help you rebuild credit over time and transition back to a traditional lender at renewal.

What areas does Insight Mortgage serve?

Insight Mortgage is based in Kelowna, BC, and serves clients throughout British Columbia and Alberta. Ash Simpson is a licensed mortgage broker in both provinces and works with clients remotely across the country.

How much does it cost to use a mortgage broker in BC?

In most cases, using a mortgage broker in BC is completely free to the borrower. Ash Simpson is paid a commission by the lender when your mortgage closes. For certain alternative or private lending situations, a broker fee may apply — this would always be disclosed upfront.

What is the difference between a mortgage broker and a bank?

A bank can only offer its own mortgage products at its own rates. A mortgage broker like Ash Simpson has access to dozens of lenders — banks, credit unions, trust companies, and alternative lenders — and can shop your application across all of them to find the best fit.

Bad Credit Mortgage BC — Get Approved When Banks Say No

A poor credit score does not have to end your homeownership dream in BC. Ash Simpson at Insight Mortgage works with borrowers who have been declined by banks due to credit issues — and finds solutions through alternative and private lenders.

What Credit Score Do You Need for a Mortgage in BC?

Major banks typically require a minimum credit score of 680 for insured mortgages and 600–650 for conventional mortgages. However, B-lenders and private mortgage lenders in BC have much more flexible requirements — some approving mortgages for borrowers with scores as low as 450–500, depending on equity and loan-to-value ratio. Ash works across all three lending tiers to find the right fit for your credit profile.

Bad Credit Mortgage Options Available in BC

B-lender mortgages are offered by trust companies and credit unions that assess your full financial picture, typically charging rates 1–2% above major bank rates. Private mortgage lenders provide short-term financing using your property equity as the primary security. Second mortgages allow you to borrow against existing home equity without refinancing your first mortgage.

Can You Get a Mortgage After Bankruptcy or Consumer Proposal in BC?

Yes — though timing matters. After a bankruptcy discharge, most institutional lenders require 2 years of rebuilt credit history. After a consumer proposal is fully paid and discharged, most lenders require 2 years of clean credit. During the waiting period, private lenders can provide bridge financing if you have sufficient equity or a co-signer. Ash guides clients through the entire credit rebuilding process.

Frequently Asked Questions — Bad Credit Mortgage BC

Will applying for a mortgage hurt my credit score?

A single mortgage application causes a small, temporary decrease of typically 5–10 points. Ash submits your application to the right lender the first time to minimize unnecessary inquiries.

What are the interest rates for a bad credit mortgage in BC?

B-lender rates typically run 1–2% above prime bank rates. Private lender rates are typically in the 7–12% range depending on risk.

Get a Free Bad Credit Mortgage Consultation — No Judgement

Credit challenges happen to good people. Ash Simpson at Insight Mortgage will assess your situation without judgement and find a realistic path to mortgage approval.