Why CreditReboot Is Different
Most brokerages want the easy file: good credit, clean T4 income, a bank approval waiting at the end. We built ours around the opposite.
Our niche is the homeowner a bank has already declined. Bruised credit. Self-employed, commission or seasonal income. Low reported income against a valuable property. Late payments, a consumer proposal, arrears, or a lender that has already started acting. Those files need a lender who reads the equity and the exit rather than a scorecard — and knowing which lender that is, for which property, in Alberta, is the entire job.
Three things follow from that focus:
- ✓ We go to 80% loan-to-value. Bank HELOCs generally cap the revolving portion at 65% of the home’s value. Alternative structures can reach up to 80% total loan-to-value, subject to lender approval — on an average home that gap is usually five figures and often six.
- ✓ Fully digital. Documents from your phone, no branch appointment, decisions usually inside 24 hours and funding in three to five business days.
- ✓ Every cost in writing first. Rate, term, lender and brokerage fees, total cost — all disclosed before you sign. Nothing to apply, nothing for an assessment.
How We Help Homeowners in Alberta
Home Equity Loan
A lump sum behind your existing first mortgage. Keep your current rate, borrow only what you need, approved on the equity in the property rather than your score. How it works
HELOC With Bad Credit
A revolving limit you can draw and repay, with interest only on what you use. B lenders and private lenders write these outside bank credit guidelines — above the traditional 65% revolving HELOC limit, up to 80% total LTV in qualifying cases. HELOC options
Refinance With Bad Credit
Replace your mortgage with a larger one and take the difference in cash. Usually the cheapest route — if your existing rate makes breaking it worthwhile. We run both numbers. Refinancing
Refinance With Low Income
Pension, contract, commission or self-employed income that fails a bank ratio test. Some lenders underwrite from bank statements; private lenders qualify on equity, not income. Low income options
Debt Consolidation With Equity
Cards at 19.99–22.99%, lines of credit and CRA arrears rolled into one payment secured by your home. The debt does not vanish — the rate on it drops sharply. Consolidation
Late Payments or Foreclosure
Behind on the mortgage? A refinance or second that clears the arrears and the lender costs stops the process. Most A lenders stop reading; equity lenders do not. Stop a foreclosure
Why Use a Mortgage Broker in Alberta?
A bank can only sell you its own mortgages. When its rules say no, that is the end of the conversation. A mortgage broker in Alberta compares three different lending tiers and places the file where it actually fits.
That matters most when something about the file is imperfect. Bruised credit, self-employed or commission income, oil and gas or seasonal work, a consumer proposal, arrears, or equity you want to take out at renewal are all reasons a bank declines and an alternative lender approves. Arranging the mortgage is not the hard part — knowing which of the 50+ lenders we work with will say yes to your property and your situation is.
Alberta also gives you more room than most provinces when a file goes wrong. Foreclosure here runs through the Court of King’s Bench over months, with a redemption period, rather than the weeks an Ontario power of sale allows. That time is worth using.
A lenders
Banks, credit unions and monoline lenders. Lowest rates, strictest qualifying — they read your credit score and debt-service ratios before anything else.
Best if your credit and income are cleanB lenders
A step up in rate, far more flexible on credit history and how income is documented. Most bad credit mortgages in Alberta land here, including a lot of Calgary and Edmonton refinances.
Best after a bank decline, a proposal, or self-employed incomePrivate mortgage lenders
Private mortgage lenders in Alberta underwrite the property and the exit, not the score. Short-term by design — used to stop a foreclosure or clear arrears, then move back down a tier.
Best when the file is time-sensitive or equity-drivenCreditReboot works almost entirely in tiers two and three, across Calgary, Edmonton and the smaller centres in between. If an A lender will take your file, we will say so and place it there.
Real Files We Have Funded
See how homeowners across Alberta have used their home equity to eliminate debt, stop arrears, and lower their monthly payments.
Certain details have been modified to protect client privacy while preserving the overall outcome.
The Digital CreditReboot Process
No branch visits. No waiting in line. No unnecessary paperwork. Just a simple digital process.
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1Pre-ApprovalFill this form, speak to the broker, get your quote.
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2Application & ApprovalComplete the application, we shop the deal to 50+ lenders, choose your approval.
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3FundingSign the broker documents, legal documents & get the funds!
Check Our Licence Before You Send Us Anything
Every province regulates mortgage brokering differently. Here is how to confirm we are licensed where you live — from the regulator, not from us.
Real Estate Council of Alberta (RECA)
Alberta does not issue public licence numbers the way Ontario and Saskatchewan do. Licensing is confirmed by name instead.
Open RECA’s public search, choose Mortgage, then search the professional last name Mehmi — or the brokerage CreditReboot Mortgages.
Licensed in three provinces
We are also licensed in Ontario with the Financial Services Regulatory Authority (FSRA #13163) and in Saskatchewan with the Financial and Consumer Affairs Authority (FCAA #511322).
Those two regulators publish licence numbers, so you can look ours up directly.
Related Reading: Refinancing During Foreclosure in Alberta or Consumer Proposal vs Debt Consolidation.
Alberta Mortgage Broker FAQs
The questions Alberta homeowners ask us most, answered plainly.
What does a mortgage broker do in Alberta?
A broker sits between you and the lender. We take one application, work out what the property and your income actually support, then shop it to the lenders most likely to approve it — A lenders, B lenders and private mortgage lenders. One person, one set of documents, instead of five separate applications and five credit inquiries.
Is CreditReboot licensed to broker mortgages in Alberta?
Yes. Alberta mortgage brokerages are regulated by the Real Estate Council of Alberta (RECA). Alberta does not issue public licence numbers the way Ontario and Saskatchewan do — you confirm licensing by name on RECA’s public register. Search the professional last name Mehmi or the brokerage CreditReboot Mortgages.
Can I get a bad credit mortgage in Alberta?
Usually yes, if there is equity in the property. A bad credit mortgage in Alberta is priced on the home and the exit rather than the score. The real question is not your credit number — it is how much room sits between what you owe and 80% of what the property is worth.
Do mortgage brokers charge fees in Alberta?
On a standard A or B lender deal the lender pays the broker and there is no fee to you. Private mortgage files usually carry a lender fee and a brokerage fee, because no lender commission is being paid. Either way, rate, term, every fee and the total cost are disclosed in writing before you sign. Nothing is charged to apply or for an assessment.
Who are the private mortgage lenders in Alberta?
A mix of mortgage investment corporations, funds and individual investors, most active around Calgary and Edmonton and more selective the further out you go. They lend on the property and a clear exit, usually on one-year terms. We place these regularly, including on acreages and smaller centres that a bank will not touch.
Can a mortgage broker stop a foreclosure in Alberta?
Often, yes. Alberta foreclosures run through the Court of King’s Bench over months and there is a redemption period, so there is normally more time than people assume. A refinance or a second mortgage that clears the arrears and the lender’s legal costs stops the process. Most A lenders stop reading once a foreclosure has started; equity lenders do not.
Can I get a second mortgage in Alberta with bad credit?
Yes. A second mortgage sits behind your existing first, so your current rate and term stay untouched — which matters if you are holding a rate you have no interest in breaking. Approval turns on the equity and the property, not the score.
What credit score do I need for a mortgage in Alberta?
Roughly 680 and up for an A lender. B lenders write well below that. Private lenders will look at files with collections, a consumer proposal or a discharged bankruptcy, because they are underwriting the property. There is no hard credit pull to see your options.
How much home equity can I access in Alberta?
Up to 80% of the appraised value in total, across every mortgage on the property. On a $600,000 home with a $350,000 first mortgage, roughly $130,000 could be available — $600,000 × 80% is $480,000, less the $350,000 already owing. The exact figure depends on the appraisal and the lender.
Does self-employed or oil and gas income make it harder?
With a bank, yes — two years of clean T4s is the template and contract, commission or resource income rarely fits it. B lenders will underwrite from bank statements, and private lenders qualify on equity rather than income at all. It narrows the lender list rather than ending it.
Mortgages & Home Equity Loans Across Alberta
Pick your city — every page is written for that market.
Not sure if your city is covered? Call us: 587-602-5702