How To Renegotiate A Loan When Your Credit Improves
Posted on June 23, 2022
If you've improved your credit score, you may be able to renegotiate your loan rate and terms with your lender. Find out how to renegotiate your loan.
Lately, we’ve been discussing mortgage solutions a lot because we understand that many Canadians need help when it comes to their personal finances. We also know that improving your financial literacy and knowledge base is important.
Short-term mortgage financing, in the form of a bridge loan, is a great way (regardless of credit rating) to deal with a money or credit issue. Bridge loans are offered by private lenders who can work with anyone looking to resolve short-term cash flow problems, and go from un-bankable to bankable. Take a look at our infographic to learn how you can use a bridge loan as a solution to your credit or financial issues, and go from un-bankable to bankable.
Check out our other articles on mortgage solutions
- Mortgage Qualification & Multiple Collaterals, click here
- Short Term Mortgage Financing & Bridge Loans, click here
Or, if you’re interested in speaking with an expert
- For mortgage services, click here
- For mortgage refinancing services, click here
Rating of 5/5 based on 1 vote.
Caitlin is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security. One of the main ways she’s built good financial habits is by budgeting and tracking her spending through the YNAB budgeting app. She also automates her savings so she never forgets to put aside a portion of her income into her TFSA. She believes investing and passive income is key to earning financial freedom. She also uses her Aeroplan TD credit card to collect Aeroplan points so that she can save money when she travels.
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