In 2025, more than 34% of mortgage applicants in Ontario are getting declined by major lenders due to:

✔ bruised credit

✔ self-employment

✔ high debt ratios

✔ CRA arrears

✔ consumer proposals

✔ irregular income

✔ short job history

But here’s the biggest secret:

A bank denial is NOT the end. It just means you need a lender who looks at REAL LIFE — not just credit scores.

That’s where Lendworth steps in.

🔥 Step 1 — Don’t Reapply Everywhere (It Hurts Your Score)

Every time you apply at another bank or broker, your credit gets another hit.

Multiple pulls in a short period signal:

⚠ “Credit seeking”

⚠ “Financial stress”

Instead, pause. You need a lender who can approve you based on equity, not just numbers on paper.

🔥 Step 2 — Know Why The Bank Said No

These are the most common reasons banks quietly deny:

• “Your T4 income isn't stable enough”

• “Your debt-to-income ratio is too high”

• “You haven't been at your job long enough”

• “Your credit score is below 680”

• “You’re self-employed”

• “Your CRA taxes aren’t paid”

• “Property doesn’t meet bank guidelines”

• “You’re in a proposal or past bankruptcy”

Banks don’t tell the full truth.

Private lenders do — and they offer solutions.

🔥 Step 3 — Use Your Home Equity (Your Credit Doesn’t Matter)

Most homeowners don’t realize they have a powerful tool:

Your equity.

And equity lending is based on:

🏠 property value

📍 location

📉 amount of current mortgage

📊 loan-to-value (LTV)

NOT credit score.

This is why Lendworth approves files that banks decline:

• Bad credit → approved

• Self-employed → approved

• CRA debt → approved

• Consumer proposal → approved

• High debt ratios → approved

• Bank said no → approved

If the equity is there, we can help.

🔥 Step 4 — Move Fast Before Penalties Stack Up

If you were denied for a:

✔ refinance

✔ renewal

✔ CRA payout

✔ debt consolidation

✔ divorce buyout

✔ purchase closing

Time matters.

Bank delays can cause:

⛔ NSF fees

⛔ late mortgage payments

⛔ higher interest penalties

⛔ power of sale risks

⛔ closing failure on a new purchase

Lendworth can approve most files in 24–48 hours, preventing the damage before it starts.

🔥 Step 5 — Get a Private Mortgage Exit Plan

A private mortgage isn’t meant to be forever.

It’s a bridge:

⏩ Clean up credit

⏩ Pay off debts

⏩ Stabilize income

⏩ Requalify at a bank again

Lendworth builds each borrower a 12–24 month exit strategy so you can get back to low bank rates.

🏠 How Lendworth Approves Homeowners the Banks Decline

We lend based on real value, not rigid banking rules.

✔ Approvals in 24 hours

✔ Bad credit accepted

✔ Self-employed accepted

✔ Bruised credit accepted

✔ CRA/tax arrears accepted

✔ Consumer proposal accepted

✔ Equity-based approvals

✔ Flexible solutions for real-life challenges

“Your equity deserves more™” — and we mean it.

📞 Need Help After a Bank Denial? Talk to Lendworth Today

We help homeowners across Vaughan, Toronto, Peel, York Region, Durham, Simcoe, and all of Ontario.

Call us now: 905-597-1225

Apply online: lendworth.ca/borrow

Email: info@lendworth.ca