Without knowing your numbers it is hard to say, but in general:
1. Check for how much you could be approved from top 5 banks. Call few banks, just make sure they don't hit your credit score.
2. If banks willing to lend you $X, and you need $5*X, then forget it. If however you need 1.2*X, there is a chance, and in this case calling mortgage broker is an option.
Try to avoid mortgage brokers that inflate your income. You do need clean mortgage, i.e. don't mislead the bank.
3. As an option you can get secondary mortgage from private lender, but typically it ain't worth it, unless you are in construction business etc. and need the money only for short period of time to flip the house.
1. Check for how much you could be approved from top 5 banks. Call few banks, just make sure they don't hit your credit score.
2. If banks willing to lend you $X, and you need $5*X, then forget it. If however you need 1.2*X, there is a chance, and in this case calling mortgage broker is an option.
Try to avoid mortgage brokers that inflate your income. You do need clean mortgage, i.e. don't mislead the bank.
3. As an option you can get secondary mortgage from private lender, but typically it ain't worth it, unless you are in construction business etc. and need the money only for short period of time to flip the house.
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