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.
Business owners obtained a 2nd mortgage equity take out over their principle residence. They were able to put the funds towards their growing business.
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.
Freedom Capital obtained premium rates and minimal fees to refinance the client’s home in a secondary lending market area.
Freedom Capital successfully placed a 2nd mortgage behind another private lender to assist a self-employed client consolidate outstanding debts due to Covid.
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.
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A family wanted to transfer the title from the mother to the son’s name. We are very familiar with this, as we often have similar cases where a family member is looking to be on or removed from title, etc. We made this transaction very easy for the client, and advised the client to have an agreement drawn up from the lawyers (to help with saving on closing costs). The lender accepted the agreement as it was mutually beneficial to all parties and arranged financing quickly.
Let us help you make sense of real estate ownership and how to manage it in case of family/ownership changes.
Client was looking to purchase a property in another province. Their broker was only able to qualify them for a lower amount and client needed more funds for downpayment. We analyzed their assets and we were able to close within 4 days and ensure client wasn’t breach of contract.
We always look at the bigger picture and use our creative solutions to ensure you achieve your financial goals.
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.
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Disclosure : Applying for a mortgage does not guarantee approval for the mortgage. No Upfront fee is applicable for the mortgage however processing Fees may apply. APR can vary depending on mortgage amount.
