Purpose
- Refinance home to consolidate 1st and 2nd mortgages and payoff $20,000 in debt
- Stable salaried position earning $65,000
- Employment verified by employment letter, pay stub, and verbal confirmation by employer
- GDS/TDS is 39/39% with stressed TDS of 46% using the mortgage rate plus 200bps
- 520 beacon due to family member's illness
- Medical bills started to pile up and client's credit was bruised
- Excellent mortgage repayment history
- $400,000 property value
- Good condition, well maintained property
- Suburban area with DOM under 30
Was offered a 1 year mortgage at 75% LTV. The client was able to consolidate $20,000 in debt and improve their cashflow by $750 monthly.
Contact Us to Learn More
MoneyValue
E: edwin.m@moneyvalue.ca
Please Visit: https://moneyvalue.ca
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