March Deal Snapshot

The Properties:

  • Marketable home in small town Nova Scotia
  • Commercial property

The Financing:

  • Installed our second mortgage behind one of the big five banks
  • Proceeds paid down credit card debt
  • Credit score will rebound over 6 to 12 months
  • Majority of second mortgage will be repaid through refinance by First Mortgage Lender when credit is suitable.
  • If lender will not permit the reduced second mortgage to hang around on a refi, the commercial property provides suitable LTV to support the remainder as it gets repaid on a short amortization.

We ask allot of questions and find the best way to setup each deal to reduce the chance of additional fees down the road.