Client background: These clients were facing financial challenges and needed help getting back on track. Objective: The clients wanted to rebuild their credit by refinancing their home to pay off debt. Approach: Our expert underwriter looked at the full picture to approve this deal. One client had a low credit… Read More
Client background: In this scenario, an unforeseen medical challenge turned this couple’s retirement into a period of financial uncertainty. They were reluctant to dip into their hard-earned retirement savings as they had a line of credit and high credit card balances piling up. Objective: Refinance to pay off debt and… Read More
Client background: The clients, a self-employed couple, have successfully operated their business for fifteen years. Their entrepreneurial journey has led them to realize their dream of building a $1.5 million home. Despite their robust business history, one of the clients lacked credit history, posing a potential challenge in traditional mortgage… Read More
This deal scenario is based in a rural community. The client needed financial assistance while recovering from medical treatment. With their variable-rate mortgage payments increasing, they sought a more stable solution through refinancing. The mortgage broker worked with our expert BDM and underwriter to map out the best options. Read More
Client background: Our client, a dedicated entrepreneur operating solo, has effectively managed a thriving business for the last five years. Following a divorce and being burdened by a lingering student loan, she resolved to address her outstanding debts, aiming to allocate remaining funds towards bolstering her business. Objective: The client… Read More
In this deal scenario, our broker’s clients were able to buy their dream home for their family of four by securing a $1.7M property outside a major centre in a desirable rural community. By mortgaging $1.255M, they had an 80% LTV on the first $1M and a 65% LTV on… Read More
In this scenario, the client was able to refinance their owner-occupied property and come out ahead due to our extended ratios. Alex held a mortgage with a private lender and wanted to lower their monthly payment and complete some much-needed renovations. In their current arrangement, the… Read More
In this scenario, the client refinanced their owner-occupied property with a 35-year amortization to reduce monthly payments. Parminder is a sole borrower working full-time within the same industry for the last 11 years. Parminder is trying to lower their monthly payments to help pay off debt. Their mortgage broker… Read More
In this deal scenario, we put a spotlight on our recent decision to raise lending limits and help clients purchase a million-dollar rural (well-and-septic) acreage. The deal came our way because the property is located in a rural area, outside a city centre, and the ratios were 41%/49%, higher than… Read More
