What is it?

If you haven’t paid off your mortgage by the time you have reached the end of your repayment schedule, you will have to renew your mortgage. This will present you with two opportunities. It will allow you to assess the terms of your current mortgage repayment package, and it will allow you to renegotiate the terms of that package. The more proactive you are in seeking advantageous terms of renegotiation, the better your new mortgage deal is likely to be.

That’s where Rala comes in. We have more than 20 years of experience in helping people to renegotiate their mortgage plans if they suddenly find that their existing plan is beyond their financial limits.

Of course, there is a chance that your mortgage lender will decide not to renew your mortgage at all. If they do this, it will be because they believe you have accumulated more debt than you are able to repay, or because they are not confident that your current employment situation will enable you to repay your mortgage at the new rate. Indeed, if anything about your financial circumstances troubles your lender, they can choose not to renew your mortgage.

Again, if this happens, contact the team here at Rala. We will meet with you in order to discuss how best to find a new mortgage provider in the event that your current lender decides to cancel your mortgage after its scheduled end. We can help you renegotiate your current payment system.

Our Process

Our Guarantee

Same Day Approval

As soon as your loan is approved, we will ensure the money is transferred to your lawyer straight away so that you don’t face any unnecessary delays.

No Charge Until The Deal Is Done

Because we value our customers, you won’t face any charges until your loan agreement is fully approved and the loan is already on its way to your account.

Charge Based On Risk, Not Lender’s Fee

Unlike other mortgage brokers, who aren’t always completely upfront, our charge is based on the risk associated with your loan, not on any undeclared finder’s fees.

No Undisclosed Lender’s Finder Free

We offer a service that is totally transparent and, as far as possible, operates in consultation with you, which is why we will never impose undisclosed finder’s fees on you.

No Financial Product Up-Selling

Our approach to business is based on trust and integrity, so we won’t try to attach any financial products to your loan agreement that you don’t need.

Testmonials

Anna Myers

After having dealt with different mortgage brokers for my bad credit mortgage issues, I have to say Rala investments had the quickest and the easiest process to deal with. There was never the problem of them requesting documents repeatedly from me after every process. Everything was done in a single shot and I was given regular updates on the progress. The service was prompt and quick.

John Alexander

Thank you Allan for helping me throughout my mortgage process. Your straight forward and balanced opinions gave me a sense of security and confidence. I also have to mention how quickly you responded to my queries and requests even on your days off. I will definitely recommend your service to my friends and family.

Case Studies

Loan for starting a business with Bad Credit

John has spent the bulk of his working life in the transport sector. But he recently retrained so he could get a new job in manufacturing. The shift has been really positive for him, and his new experience has given him a business idea. John’s dream is to run his own company, so he started putting together a blueprint for his own small business.




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Frequently
Asked Questions

Can I get a mortgage with bad credit history?

It can be very difficult to find a mortgage with a poor credit history. The reason for this is that the majority of mainstream lenders make little effort to understand an applicant’s unique circumstances, so they will deny a mortgage application based on credit scores alone.

At Rala, we make a concerted effort to understand the specific circumstances of each applicant, which allows us to set our customers up with lenders who are likely to be much more open to authorizing a loan request. The result is that our clients not only secure access to finance but benefit from the professional advice we can provide regarding their financial situation.

Can I get a mortgage with current bad credit score?

A poor credit rating doesn’t stop you from getting a mortgage. Mainstream banks won’t grant you a mortgage because they believe your risk level is too high.

But here at Rala, we have built up a big network of lenders who will facilitate a loan for you regardless of your credit history. Your credit rating will affect the size of your downpayment, as well as the interest you pay to the lender. Contact us now if you have a bad credit rating but are looking of a loan.

I have bad credit rating - how do I find the best mortgage deal?

It’s not just that you can still get a mortgage deal with a bad credit rating, you can still get a good mortgage deal with a bad credit rating. It’s true that a bad credit score will hike your risk factor and can affect your mortgage rates.

But here at Rala, we have developed such a wide network of lenders as a result of our many years in the industry, that we'll quickly find the right lender for your case. The key to our success is assessing a whole variety of factors before finding our clients the best mortgage deal.

I have recently filed for bankruptcy - can I still get a loan?

Yes, you can still get a loan, although it will depend to some extent on the number of times you have filed for bankruptcy and when your last bankruptcy case was. We have connections with several groups of lenders who will give you a loan, depending on the circumstances of your bankruptcy.

How does Rala charge its clients?

Rala has a total commitment to transparency and honesty. We will provide straightforward, simple solutions to our customers, designed to provide you with a clear remedy to your problem.

We only charge based on the risks associated with the loan agreement and based on the loan deal. We won’t hit you with hidden finder's fees.

What’s the difference between mortgage brokers and lenders?

A mortgage broker acts as the go-between for a lender and a borrower, meaning they facilitate agreements between you and your bank or mortgage lender. They also do the legwork of searching for the best mortgage product and interest rate for you. The lender provides the funding for your loan.

Why should I go to a mortgage broker first?

According to one study, 39 percent of first-time home buyers don’t understand what brokers do. However, there are good reasons to contact a broker before you attempt to buy a house.

Mortgage brokers simplify the home buying process and help ensure that you don’t spend large amounts of money for no good reason. Mortgage brokers will help you get lower interest rates, improve your access to loans, give you the benefit of their experience, and always work on your side.

Consultation Form


Please do not hesitate to contact us by phone to discuss your situation. Rala Investments Ltd. provides first, second and third mortgages on all types of properties anywhere in British Columbia. We also arrange mortgages on partial interests in property. For a no obligation consultation, please call us today!

Consultation Form
Talk to us ( 604-229-4899 )