May Deal Snapshot

The Property:

  • Large home in a small Nova Scotia Town

The financing:

  • 1 year term on less than $40k
  • Interest only payments
  • Second Mortgage written behind Street Capital Options program on closing day
  • replaced a much more expensive CITI Financial product
  • With good payment history on the Options program, Street can refi to a more affordable product in 6 to 12 months and pay out our second Mortgage with the additional LTV capacity.
  • Any shortfall on the refi will be resolved with a short term amortization on the balance.

We help our clients find the most cost effective way to keep their home while re-establishing credit worthiness.