Here’s another Funded Friday! A returning clients mortgage term was up for renewal. They purchased last year and made renovation on the mixed use commercial/residential property. The client wanted to pay off the renovation money they borrowed, and take advantage of the increase of value and low interest rates. We were able to get enough funds to pay off their debts and give them a sweet rate savings of 2%! We always look out for clients and do a yearly review of your mortgage.
Title of Heading
Line of Credit
Funded Friday! We had a client that was looking to receive some cashflow for his business. Normally, we only do 1st Mortgages, but one of our lending partners was offering a new line of credit option, so we were able to give the client two options. While working out the numbers, client took advantage of the line of credit. We have options and always working in your best interest. Funded Friday! We had a client that was looking to receive some cashflow for his business. Normally, we only do 1st Mortgages, but one of our lending partners was offering a new line of credit option, so we were able to give the client two options. While working out the numbers, client took advantage of the line of credit. We have options and always working in your best interest.
Bills piled up? We helped!
A client of ours was getting overwhelmed with their high interest credit card bills. They needed some relief and wanted to improve their credit score and cashflow. We looked at the equity they held in their home, and with a quick turn around we got the funds they needed to pay off those high interest loans.
We understand how day to day living sometimes catches up to you. Ask us how we can improve your cashflow and credit. https://www.freedomcapital.com/apply-now/ or call 1-866-944-7778.
*Some conditions apply
Recently Funded: CRA and Credit Debt
Our client was looking to payout their CRA debt and credit cards before their current mortgage was ready for renewal. We were able to reduce their total debts owing and increase their credit score so when negotiating the renewal, the client would receive favorable terms.
We provide second mortgages that make sense for your financial success!
Debts piling Up?
Freedom Capital successfully placed a 2nd mortgage behind another private lender to assist a self-employed client consolidate outstanding debts due to Covid.
Rush closing in 2 business days. Client was short funds for his new purchase due to a sale on his residence collapsing. We obtained a 2nd mortgage equity take out loan to cover the shortfall so client could complete on time.
$1.2 Million equity take out towards a purchase of a below market investment. Approval in less than 3 hours. Closed in 2 days!
Pull Equity for Cash Flow for Business
Repeat client with self employed income and high beacon scores. Looking to pull equity for cash flow for business until home sells.
Invest in your Business!
Freedom Capital successfully placed a 2nd equity take-out mortgage at 75% loan-to-value behind a large 1st mortgage to help the client invest those funds in a business investment opportunity.
Vacation Home Equity Pull
Clients were seeking an equity take out second mortgage to use as down payment to purchase another property. We are now looking to finance the new purchase at 100% financing (including the downpayment).
80% LTV on a 2nd mortgage to consolidate high interest debt. We funded this file with competitive pricing, quick closing and minimum documents.
High Interest Rates Gone!
Clients were looking to consolidate all of their high interest revolving debts which was over $3,500 per month in payments. Clients had excellent income. Their first mortgage was coming up for maturity in six months, they wanted short-term financing until they could refinance.