Case Study 2

Case Study

Here is a scenario where our Fresh Start Program helped a family receive a 1 year mortgage at 4.99% and an improved cash flow of $2,700/month

Purpose

• Client wants to consolidate all debts by refinancing their home, and have a fresh start by increasing their monthly cash flow

Client

• 550 beacon due to 11 active trades that are at or near their limits
• Excellent mortgage repayment history
• GDS/TDS 39/42% with a stressed TDS of 48% using the mortgage rate plus 200 bps

Income

• Client employed in full-time hourly position earning $100,000 per year verified by Employment Letter, verbal confirmation by employer, and T4
• Client receives $1,500 in Child Tax Credit income for their three children, verified by a Child Tax Receipt

Property

• $780,000 appraised value
• Owner-occupied detached bungalow
• Good condition, well-maintained property

Deal Rationale

• Got offered a one year mortgage at 80% LTV to consolidate all their debts 
• Additional $2,700 in monthly cash flow as monthly payments were lowered from $6,500 to $3,800
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MoneyValue will work with you to qualify  you for the Fresh Start Program.

Contact Me Today to see if you qualify.
T: 416 822 5886
e: edwin.m@moneyvalue.ca