Humber/Ontario Real Estate Course 2 Exam Practice 2025 - Free Real Estate Practice Questions and Study Guide

When facing difficulty in obtaining a mortgage due to a low credit score, an individual should consider looking for a lender in the sub-prime mortgage lenders category. Sub-prime mortgage lenders specialize in offering loans to individuals who do not meet the strict credit requirements of traditional prime credit lenders. These lenders cater to borrowers with lower credit scores or other financial challenges, making them more likely to approve a loan for individuals with less-than-perfect credit histories.

Option A, the primary mortgage market, typically consists of banks, credit unions, and other traditional lenders that offer standard mortgage products. Option B, the secondary mortgage market, involves the buying and selling of existing mortgages, rather than originating new ones. Option D, prime credit lenders, are more selective and typically offer lower interest rates to borrowers with excellent credit scores. Option E, money market lenders, are more focused on short-term lending between financial institutions. Option F, local credit unions, may have more flexible lending criteria compared to traditional banks but may not specialize in sub-prime lending like the lenders in option C do.