Mortgage Refinancing in Brampton: Refinance with Bad Credit, Low Income, or Self-Employment
Mortgage refinancing means replacing your current mortgage with a new one — often with better terms, lower interest rates, or access to your home’s equity. Unlike a simple renewal, refinancing allows you to unlock up to 80% of your home’s value, even if you’ve faced challenges like bad credit, low income, self-employment, or bankruptcy/consumer proposal.
At Any Income Any Credit Mortgages, we specialize in refinancing solutions designed for Brampton and GTA homeowners who may not qualify with traditional banks.
Why Do Homeowners Refinance in Ontario?
- Lower monthly payments by securing a better rate
- Debt consolidation into one affordable payment
- Accessing equity for renovations, tuition, or investments
- Switching mortgage terms (variable vs. fixed, shorter amortization)
- Improving cash flow for day-to-day stability
Can I Refinance with Bad Credit, Low Income, or Bankruptcy?
Yes! Even if banks have declined your application, refinancing is still possible through private lenders and mortgage brokers. These approvals focus on home equity rather than solely your credit score.
We help clients who are:
- Self-employed with non-traditional income proof (NOAs, bank statements)
- Low income earners who don’t meet strict bank ratios
- Recently discharged from bankruptcy or a consumer proposal
- Carrying past credit issues but have equity in their home
Learn more about our second mortgage options for homeowners with unique financial situations.
How Does Mortgage Refinancing Work in Brampton?
- Review your current mortgage terms and penalties
- Assess your available equity (up to 80% of home value)
- Choose your refinancing goal — lower payments, debt consolidation, or cash-out equity
- Apply with a trusted mortgage broker like us
- Get approved quickly — often within days
Example Scenario
Home Value: $600,000
Current Mortgage Balance: $400,000
Available Equity (up to 80% LTV): $80,000
That $80,000 could help you:
- Consolidate high-interest credit card debt
- Cover tuition or family expenses
- Renovate your home
- Stabilize finances while rebuilding credit
Why Choose Any Income Any Credit Mortgages?
- Equity-focused approvals, not strict credit checks
- Bad credit and self-employed friendly options
- Local Brampton expertise with personalized support
- Transparent process with no hidden fees
- Fast approvals and flexible terms
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FAQ — Mortgage Refinancing in Brampton
Can I refinance my mortgage in Brampton with bad credit?
Yes. Many private lenders and brokers approve refinancing based on home equity, even if your credit score is low.
Can self-employed homeowners refinance their mortgage in Ontario?
Absolutely. Alternative lenders accept income proof like NOAs, bank statements, or business records instead of strict bank ratios.
Is refinancing possible after bankruptcy or a consumer proposal?
Yes. Once discharged, you can refinance and rebuild your credit using your home’s equity.
How much home equity can I access through refinancing?
Typically, up to 80% of your home’s value, depending on your current mortgage and lender policies.
Can low-income homeowners refinance their mortgage in Brampton?
Yes. Brokers and private lenders often consider equity and alternative income documentation, making refinancing possible for low-income earners.
How fast can I get approved for mortgage refinancing?
Many clients receive approvals in just a few days, depending on documentation and lender requirements.
Final Thoughts
Refinancing in Brampton and across Ontario is possible — even if you have bad credit, low income, self-employment income, or recently discharged bankruptcy/consumer proposal.
At Any Income Any Credit Mortgages, we provide fast, flexible, and transparent refinancing solutions designed to unlock your home’s equity and help you regain financial control.
???? Call us today: (365) 231-9115 or (416) 409-0091
???? Visit us: Unit 204, 341 Main St N, Brampton, ON