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.
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Refinance Mortgage and Pulled Extra Equity at Renewal
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.
Mortgage to Pay off CRA 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!
Mortgage to Pay off Debts
Freedom Capital successfully placed a 2nd mortgage behind another private lender to assist a self-employed client consolidate outstanding debts due to Covid.
Mortgage to Pull Equity For Purchase of Investment Property
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.
Mortgage to Help Reduce High Interest Credit Cards
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.
Equity Pull for Business Cash Flow
Repeat client with self employed income and high beacon scores. Looking to pull equity for cash flow for business until home sells.
Equity Take for Investment in a 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.
2nd Debt Consolidation Mortgage With Quick Closing
80% LTV on a 2nd mortgage to consolidate high interest debt. We funded this file with competitive pricing, quick closing and minimum documents.
New Mortgage to Clear High Interest Rates
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.
Mortgage for Self Employed Clients
REALTORS! Freedom Capital can help your clients AND you! Freedom Capital was able to assist a Local Realtor refinance her 2nd mortgage with our preferential rates