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Out-of-Townhouse A visiting woman wanted to buy a townhouse so she could use it on trips here to see her family. She found the one she wanted but had to return to home (out of country before purchasing. My loan officer managed the entire process for her by phone and fax. We even obtained for her a mortgage for 85% of the property’s value (non-residents are not allowed to borrow as much) Empowered Retirement A 50-year-old man who owned his own home and had an income of $35,000 was referred to us by his real estate agent. He wanted to buy an investment rental property to provide an income for his retirement. Using a smart investment mortgage product we were able—in the space of 6 months—to set him up with 3 investment properties returning 14% gross, along with a more tax efficient structure. We even negotiated application fee and fees rolled into the deal. Mum's the Word A recently separated woman—with 2 children —came to us via her real estate agent. She had a $10,000 deposit and was seeking the security of owning her own home. In spite of her limited income we obtained for her a 90% mortgage with her mother as co-borrower. She now lives in her own $100,000 condo. Doing the Homework Two young people with large student debts and a savings of $6,000 approached us to try and buy a $120,000 house. With their good future employment prospects and combined salaries totaling $50,000, we were able to get them a 95% mortgage. They bought their house—paying no application fee along the way. Pain to Gain A couple with a home and one rental property were having difficulty meeting their mortgage payments. We were able to put them into a tax efficient structure using smart investment products, thereby gaining them a reduced tax rate. They went from a struggle to having an extra $50 per week freed up. Business Blues A client declined by both his own Bank and a well-known mortgage broker, approached us looking to use the equity in his home to purchase a rental investment property. His problem lay in the financials completed for his business, which had been compiled to minimize tax. We devised a solution where by setting up a LAQC (Loss Attributing Qualifying Company) with his income earning wife as sole director, the company financials were removed from the equation, and the couple have gone on to own over a dozen rental properties. The missing 15 years A couple with a standard table mortgage over a 25-year term came to us to see if they could pay off their mortgage sooner. By shifting them to a combined fixed/floating mortgage combination their mortgage will now be gone in 10 years, saving them tens of thousands of dollars in interest payments. Interested Businessman A businessman came to us seeking the cheapest interest rate around. While low interest rates are a great thing, after looking closely at his situation we discovered we could change the actual structure of his loans. The result? A savings in interest payments of around $3,000 per year. Getting in Touch As the above examples prove, we can not only make mortgages easier, we often make them possible where all others have failed. And with our many outstanding ancillary services, the package is as good as it gets. Simply get in touch with us and start experiencing our ‘never give up’ attitude and ‘can’t do enough’ service—you’ll never want to go back to the ordinary again!
'The case studies below are actual mortgage applications successfully processed to completion, they are intended for the purpose of providing an example only, and every mortgage application is underwritten separately on its own merits.
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