With prime rates rising and credit card interest piling on, one of our self employed client reached out and ask if we could consolidate their high interest debt. We were able to fund approximately 2.4M as a mortgage with approval in less than a week. Lender gave some extra funds for cashflow so he could continue to run his business.
Title of Heading
Banks Said No for Equity Pull – We said Yes and provided More Funds
Clients has been wanting to do renovations for years. But where can they get the funds from to get started. With inflation going up and interest rates going up, the banks said no when they asked for a small renovation loan. They reached out to Freedom Capital for a second mortgage renovation loan. We got in done in less than a week and clients had funds in their hands a week later.
Renovation Mortgage for an investment property for higher rental income
Client was looking for an equity take-out mortgage to renovate an investment property and increase rental income. Once completed and rental income is established, client will seek to consolidate the mortgage with her current financial institution and use the new higher rental income to help qualify.
Downpayment for Rental Purchase with Approval in less than 2 days!
Clients were looking for options for a mortgage on their rental property to invest in another property purchase. We were able to provide approval in less than 2 days and tap into their equity for maximum loan to value.
Equity Take Out for Business Cash Flow
Our client is self employed and worked with us many years ago. Due to the slow down in economy and rising costs, our client reached out to us to obtain financing for his business. We obtained a line of credit as a mortgage on his home. He was able to have ample funds to keep his business running and have more funds available if he needed more. We always work with you to get the best solutions.
Financing for Renos!
A client reached out to us looking for funds to renovate. They were interested in purchasing a new home, however due to the latest mortgage rate hikes affecting their buying power, they decided to renovate their current home and wait out the current market. We gave them access to funds for a new kitchen, update the flooring, bathrooms, and apply fresh paint. The home will be ready for sale when the market picks back up, and in the meantime they get to enjoy their newly renovated home!
Does your home need a facelift? Tap into your equity to make those repairs you’ve been putting off.