Repeat clients looking to take advantage of the increase in property values. We were able to provide them with a $600K equity take-out so they could build additional space in order to generate rental income and further increase the property value.
Title of Heading
Financing from Residence to Pay off 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!
Financing from Parents Home for Downpayment for Childrens’ First Home
Since the market has cooled off due to higher interest rates, our client was able to take advantage of the balanced market. The client was seeking an investment property. Their parents were willing to help with the downpayment by using their current home’s equity. We were able to assist with the downpayment from the parents home and the purchase of the investment property. Once their rental income is established, the client will reach out to the banks to see if they can refinance. We were able to provide an approval within 48 hours for both homes.
We strive to come up with a long-term plan when our client use our short-term financing solutions.
Equity Pull from Primary Residence to Buy a Vacation Home
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).
New Mortgage to Pay off High Interest Rates Loans
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.
New Mortgage to Pay off Existing Mortgage
Brokers helping Brokers! Due to our exclusive relationship with our lenders, Freedom Capital was able to assist another Broker refinance his property with a new 2nd mortgage
Mortgage for Primary Residence Renovation
Clients ran out of funds halfway through their renovations. They were stuck and had no way to pay their trades and overdue bills for the materials they had ordered. They required funds fast. We placed a second mortgage quickly to give them enough funds to complete the project.
Mortgage to Pay off High Interest Debt Consolidation Mortgage
80% LTV on a 2nd mortgage to consolidate high interest debt. We funded this file with competitive pricing, quick closing and minimum documents.
Rush Mortgage to Cover Shortfall for another Investment Purchase
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.
Financing to Pay off High Interest Debts
Freedom Capital successfully placed a 2nd mortgage behind another private lender to assist a self-employed client consolidate outstanding debts due to Covid.
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.