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Honesty Please provide all important details to us. To process any credit application we will need to review your history. Lenders may understand negative items, but will surely reject an application with wrong information. Full disclosure is the best policy. Loyalty We work hard to assist you and strive to offer a high level of personal service. If you find a more competitive rate elsewhere, please let us know. Simply backing away following lender negotiations may jepoardize our relationships for the next client. Please maintain your integrity, loyalty and confidence in our service!

Bad Credit Mortgages in Barrie

About Barrie

Barrie is a city, and manifesting regional centre in Central Ontario, Canada, positioned on the shores of Kempenfelt Bay, the western arm of Lake Simcoe. The city is located geographically within Simcoe County, however, it is a politically independent single-tier municipality. It is part of the historically significant Huronia region of Central Ontario and is within the northern part of the Greater Golden Horseshoe, a densely populated and industrialized region of Ontario. As of the 2016 census, the city’s population was 141,434 making it the 34th largest in Canada in terms of population proper. The Barrie census metropolitan area (CMA) as of the same census had a population of 197,059 residents, making the city the 21st largest CMA in Canada. The city itself has seen significant growth in recent decades due to its emergence as a bedroom community, and its relatively close proximity to the city of Toronto. Barrie is situated approximately 86.6 kilometres (53.8 mi) from the Toronto Pearson International Airport and 109 kilometres (68 mi) from Downtown Toronto, representing the city’s highly centralized and historically strategic geographical orientation and its ease of access to major centres and airports across the region.

The Barrie area was first settled during the War of 1812 as a key supply depot for British forces. It would be named twenty years later for Sir Robert Barrie, who consistently commanded forces through the region. Throughout the 1980s and 1990s, Barrie’s emergence as a bedroom community for the city of Toronto grew in prominence, and its economy would be wrapped around the education, healthcare, information technology and service sectors. Being located in the climatically deterrent snowbelt region of southern Ontario, Barrie is notorious for its deluging snow squalls in the winter. In the summer, its position within a convergence of breezes originating from the surrounding Great Lakes can provoke intense thunderstorms, some of which defying severe limits. Barrie’s climate is fairly seasonal, with average January minimums of −12.4 °C (9.7 °F) and average July highs of 26.3 °C (79.3 °F).

Barrie has emerged as a popular tourist destination in Central Ontario, known as “The Gateway to Cottage Country”, and is easily accessed by all forms of transportation. In the winter months, Barrie flocks with skiers and snowboarders as they attempt the slopes at nearby hills Snow Valley, Horseshoe Resort, Mount St. Louis Moonstone and Blue Mountain. Barrie also has several festivals and other events held in the city centre during the same season. Throughout the humid summer months, Barrie transforms into a city of gardens as visitors and locals alike jump to the waterfront to bask on the beaches, swim in the waters and boat in the lake. The city’s historic downtown core also comes to life in the warmer months as shops, restaurants and boutiques all flourish with people. Barrie is situated close to several major centres including Toronto, Ontario, located 100 kilometres (62 mi) to the south, Ottawa, located 412 kilometres (256 mi) to the east-northeast, and Buffalo, New York, located 240 kilometres (150 mi) to the south.

Barrie Second Mortgages and Bad Credit Mortgages from Private Lenders

Private lenders for bad credit mortgages

People with bad credit will find it difficult to get approved for a mortgage from most major lenders. Most banks in Canada require a minimum credit score of 600, which excludes all but those with the best credit scores. Many private lenders exclusively provide mortgages to people with bad credit. While a private lender mortgage is easier to apply for, it also carries higher rates and fees than a bank mortgage. Most borrowers will use a bad credit mortgage as a short term loan, and later transfer their mortgage to a bank or other institution with lower interest rates. Private lenders are also very flexible when it comes to a payment schedule for their mortgages. To make the mortgage more affordable you can arrange for a mortgage where all payments are pre-paid or only interest must be paid. Our team of mortgage experts has years of experience setting up bad credit mortgages in Barrie. We provide free consultations and can let you know which lender can offer you the interest rates and mortgage terms that best suit your needs.