A
separated spouse successfully refinanced her marital home for 80% LTV. The 1 year term was offered at a rate of
4.99% and allowed her to buy out her ex-husband and repay $15k in
consumer debt. She and her children now have a fresh start with an
improved cash flow.
Property
Well situated property
Legal separation agreement
Title transfer from ex-husband
Income
10 year job stability
Salaried income
Credit
Beacon of 580
GDS/TDS was 35/36% and under the new stressed debt service ratio was 45%
No
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