Do you have Poor or even Bad Credit? Do you live in the Nanaimo, Parksville, Nanoose, Ladysmith, Duncan or Courtenay areas of Vancouver Island and are you looking for a mortgage? We can help.
We understand that having bad credit and trying to get a mortgage might seem impossible but rest assured it is not. We have worked with many people from the Nanaimo and surrounding areas of Vancouver Island who've had poor or bad credit and still get the mortgage they needed.
Once upon a time it was almost impossible to get a mortgage in the Nanaimo area if your credit score or rating was considered 'bad'. Times have changed and bad credit mortgages are available.That said what you need to know is that due to your bad credit you will be charged a higher interest rate as compared to those with good credit. The financial institution will need to be certain that the monthly payments can be made. An individual’s debt-to-income ratio has to fall within a certain category. The lender must be sure that the property being purchased is affordable. The lender uses a point system to help in determining eligibility for bad credit mortgages in Nanaimo.
Consolidating Your Bad Credit Debt
Bad credit mortgage loans are also a useful vehicle when it comes to consolidating and paying off your debt and can help to improve your credit status.
We encourage you to contact us for a free, no-hassle assesment of your bad credit mortgage needs, we're sure we can help provide the insight and information you need.
Sand Dollar Mortgages
280 Twiggly Wiggly Road
Take a closer look at some real world examples of how we've helped our Nanaimo and Vancouver Island mortgage clientsRead More
Mortgage Testimonials from Clients across Nanaimo, Parksville, Nanoose, Ladysmith and Vancouver Island
This has been my second time working with Sand Dollar mortgages. Firstly as a first time buyer and now again with my second home purchase. Several of my family members will only seek out Faye and Liz for their mortgage needs also. The whole process has again been smooth, knowledgeable and this team never ceases to amaze me with their tireless support. Home buying is a very stressful time but is made all the easier with a group of professionals such as these at Sand Dollar. Thank you so much Faye, Liz and Christine.
Liz and Faye were so helpful! We were first time mortgage holders in a unique situation, and they made sure everything went seamlessly! I must have asked a million questions, but they were always patient and happy to answer! Highly recommend!
Liz Ross was referred to us by a friend and we couldn't be happier! Her level of service was amazing! Quick, efficient, friendly and very well educated. She was also super patient with us as a lot of what we went through was new for us. Sand Dollar mortgages got us a very competitive rate.
So great! When a lot of other lenders were too busy to respond to my mortgage request, Liz responded right away. Communication was frequent and flexible - I hardly pick up the phone, so she sent me everything via email. The rate was excellent, and it even went down from when I got my pre-approval! Would highly recommend. As long as I live on the island, Liz at Sand Dollar will be my go-to for all my mortgage needs.
Sand Dollar Mortgages : Liz , Faye and team are great people to work with, they were quick with responses to questions and walked us through our first home purchase, We will definitely use them again! highly recommend !!!!!!
Liz was great and she found us a really good rate. She got back to me quickly on all my questions and was really helpful. I would recommend Sand Dollar Mortgages to anyone looking to renew or looking for a new mortgage.
Faye and her team did an unbelievable job for us getting a rate and terms we could never secure on our own. When we got concerned they kept on it and told us not to worry.I have never experienced such a high level of Customer Service and would 100% recomend Sand Dollar.
I recently used sand dollar mortgages with Faye as my agent. During this time in an extremely competitive market and with covid affecting my annual income, Faye and Liz were still able to get me financing when it mattered most. I'd strongly recommend Sand Dollar to anyone! Thanks for all your hard work! 👍👍👍
Worked with Faye twice now, once to port my mortgage away from the bank I was with and again on a re-finance recently. I moved to Sand Dollar as I didn't like the pushy-high pressure sales vibes at the original bank. No regrets, I know it's still a sales pitch but Faye does a great job of explaining everything and letting you come to your own decisions. Super low pressure and easy to understand. Absolutely recommend Faye and Sand Dollar to set up your mortgage.
Faye is a miracle worker. The best part, is that Faye is honest and has integrity. Buying a house can be a scary thing, so it is good to know you are in good hands
Faye was amazing from start to finish. Great communication and tried multiple avenues to get me the best possible mortgage with unconventional income. She knows her stuff!
I had a fantastic experience using Liz as my mortgage broker. I had quite a difficult income to work with and she got me qualified for more then I expected. She was a super hard worker and gave me great advice during the process of all of it. I would recommend using her to friends and family.
We used Faye for a condo purchase in 2004 and a house purchase in 2006 and she was fantastic. That's why 14 years later there was no question who I was going to call for our most recent purchase. Faye and Christine go above and beyond for their clients and I would recommend them to anyone; new or experienced. Faye's honesty, integrity and bluntness are exactly what is required to go through a process like this. Thanks again!!!
Would give 10 stars if possible! We used Faye years ago with our first house purchase and just again recently with our one in another province. We will always go back to Faye as she has gone above and beyond over and over again. Thank you again Faye for all you have done for us!
Faye is simply the best! I've been fortunate enough to know her and to have her expertise guide me through purchasing many different homes. She is happy to guide you through the mortgaging process answering many questions to make the best possible decisions when purchasing a home.
Faye Drope has helped me with my complex mortgage requirements for several years now and has always gone above and beyond to help. She has been able to achieve what others have failed to and that is why I will always return. Five stars!
We had a very unique case with my mother included in our mortgage application and Faye bent over backwards to get us a great rate. Happily in our new home now. Thank you again Faye
Faye is amazing! Her ethical approach to my mother's situation, (a frail elderly widow), was inspiring. The end result of Faye's efforts was a substantially better qualify of life for my Mom. Honestly, there are not many business people with Faye's expertise and ethics in this world. She not only helped my mother get away from an unscrupulous lender, Faye found a better interest rate & a better lender. Not enough words to thank her. Sincerely!
Sandollar mortgage corporation is a small local business that gives exceptional personal service. Super nice people to help you .
Faye has been working in this industry for decades and knows all the tips to find financing at an excellent rate. She was very helpful and expedient in securing a mortgage for me when I was turned down by my bank. I cannot recommend her highly enough.
'Faye was extremely knowledgeable and responsive to our requests and found us the best option to meet our needs in a very short time-frame. We are grateful for her expertise and dedication, and would not hesitate to use her services again. (In fact, we have already used her twice!)'
Shannon & Patrick
It is always fresh to take stock and reaffirm your financial borrowing strategy and ask Faye on current products and if a change in course is warranted. Thanks Faye for your expertise once again.
Excellent service, great rates and attention to detail. You walked us through everything so there were no surprises at all. We're grateful that we found your services! Highly recommended for sure.
Karen and Jeff
Thank you, Faye, from the bottom of our hearts for going above and beyond to help us through our mortgage process again. We are thrilled with the great rate you got us at our preferred bank. We know we can trust you to keep us informed about our options and find the best fit for our needs. Your friendly and professional service is deeply appreciated. We WILL we back, and in the meantime will refer all of our family and friends to you.
Whitney & Nate Jones
Faye Drope is a great mortgage broker. She 'bends over backwards' for her clients, working hard, doing everything possible to secure a mortgage. She is successful getting financing for clients that others would turn down, such as lower-income or self-employed people. Faye is a pleasure to work with. I heartily recommend her. I wouldn't go to anyone else.
'Faye was an absolute pleasure to deal with. As first time home buyers we did not have any experience with the process, Faye helped us every step of the way and helped us get the best rate possible. She was very knowledgeable, friendly, patient, and above all made the whole thing a lot of fun. We would highly recommend Faye to anyone!' Thank you!
Joshua & Natasha
Faye was extremely professional and helpful and went out of her way to get us a really great mortgage, even though we had a unique and tricky financial situation! She answered questions quickly and came up with highly effective solutions as she guided us through the process step by step. Very friendly and her customer service was just wonderful. Absolutely trust Faye and I highly recommend her to anyone who is reviewing their mortgage situation or is getting a mortgage for the first time.
Marie & John Naylor
Faye Drope, of Sand Dollar Mortgage, arranged for a mortgage for my first-time home purchase in year 2000. I recommend her for her fine service.