Alternative Lending · Woodstock, Ontario
Alternative Lending in Woodstock, Ontario
Being turned down by your bank doesn't mean you're out of options. Craig Reynolds works with alternative lenders across Canada to find mortgage solutions for clients that traditional lenders can't serve, and a plan to get you back to prime lending.
Who Craig Helps
Alternative Mortgage Solutions in Woodstock for Every Situation
A bank rejection isn't the end of the road. Here's who Craig helps:
Bruised or Low Credit Score
A few missed payments, a collections account, or a consumer proposal doesn't have to stop you from getting a mortgage. Craig works with B-lenders who look at the full picture, not just a number, and builds a plan to get you to prime lending at your next renewal.
Self-Employed Borrowers
Major banks use tax documents that often underrepresent what self-employed borrowers actually earn. Craig works with alternative lenders who understand business-for-self income and can qualify you based on your real financial position.
Non-Traditional Situations
New to Canada, recently divorced, on contract employment, or carrying higher debt ratios than traditional lenders allow. Craig finds alternative lenders with the flexibility to work with your specific situation when the banks won't.
The difference
Why Get Pre-Approved With a Mortgage Agent?
A bank pre-approval shows you one rate. Craig shows you the market.
Education-First Approach
Craig explains exactly why a traditional lender declined you, what B-lender options are available, and what the path back to prime lending looks like. No judgment, just a clear plan forward.
Access to 88+ Lenders
B-lenders, credit unions, and alternative lenders aren't on rate comparison sites. Craig has direct access to lenders that most borrowers don't know exist, and knows which ones fit which situations.
A Partner for the Life of Your Mortgage
An alternative mortgage is rarely the end goal, it's a stepping stone. Craig builds a renewal plan from day one so you're positioned to move to a prime lender and a better rate when your term is up.
What Working With Craig Looks Like
Simple. Transparent. No surprises.
Initial Call
Discuss your goals, timeline, and budget. Walk through all available options together.
Info & Docs
Submit documents securely. Craig handles the lender communication on your behalf.
Lender Approval
Review approval terms together — every detail explained before you commit.
Close & Beyond
Fulfill conditions, close with confidence. Craig stays your partner post-closing too.
solutions available
Alternative Lending Solutions for Woodstock Borrowers
More options than you think, even when the banks say no.
B-Lender Mortgages
B-lenders are federally or provincially regulated institutions that offer mortgages to borrowers who don't qualify at traditional banks. Rates are higher than prime but significantly lower than private lending.
Credit Union Mortgages
Ontario credit unions operate under provincial regulation and have more flexibility than the big banks. They can consider the full context of your situation rather than just running it through an algorithm.
Self-Employed Programs
Specialized mortgage programs designed for business-for-self borrowers, using bank statements, or stated income rather than traditional tax documentation. Craig identifies which lenders accept which income types.
New to Canada Program
Alternative lenders with programs specifically for newcomers to Canada, including recent arrivals, permanent residents, and work permit holders who don't yet have a full Canadian credit history.
Renewal Strategy
Craig builds a renewal plan from the start. The goal of an alternative mortgage is to improve your credit, reduce your debts, and position you for a prime lender at renewal, at a significantly better rate.
Mortgage Calculator
Run payment scenarios for different rates and terms before committing. Try the calculator →
Find Your Mortgage With Craig
Find The Right Mortgage For You
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Common questions
Frequently Asked Questions
What is a B-Lender?
B-lenders are regulated financial institutions, often trust companies or monoline lenders, that offer mortgages to borrowers who don't meet traditional bank requirements. They accept lower credit scores, higher debt ratios, and non-traditional income. Rates are higher than prime but the approval criteria are significantly more flexible.
Can I get a mortgage with a consumer proposal or bankruptcy?
It depends on where you are in the process. During an active consumer proposal, options are limited but not impossible. After discharge, B-lenders and some alternative lenders will consider your application along with a strong explanation of the circumstances.
Do I need a larger down payment for a B-Lender Mortgage?
Yes, B-lenders typically require a minimum of 20% down payment since CMHC insurance is not available for non-prime mortgages. Craig reviews your available down payment as part of the initial assessment.
Been turned down?
There Are More Options Thank Your Bank Is Telling You
Craig Reynolds
L1 Mortgage Agent
Licensed Mortgage Agent serving, Woodstock, Ingersoll, London, and Surrounding Areas. Helping Ontario homeowners and buyers find smarter mortgage solutions.
License Number: M24002371
FRSA #13556
Maventure Mortgage Co.
FSRA #13556
735 Fanshawe Park Rd W #1, London, ON N6G 5B4
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