Out of Debt and On the Right Path

A Mortgage Refinance Was The Key To Lifting A Weight Off Her Shoulders

When Janet bought her condo several years ago, the unit was definitely a fixer-upper. It needed new windows and updates to the bathroom and kitchen, which she did soon after taking possession. However, shortly after her closing date the strata decided the whole building needed work and put a special levy into place – which included the replacement of the windows throughout the building. Although Janet had replaced the windows in her unit on her own and the strata wouldn't be doing additional work for her unit, she still had to pay the levy and was not given any reimbursement.

Setting Up for Success

How Julie & Mark Went From Consumer Proposal to 'A' Mortgage Rates

When we first met Julie and Mark, they were just a few months out of a Consumer Proposal and hoping to buy a home. When it comes to a Consumer Proposal or Bankruptcy, in order to borrow money a lender generally likes you to be at least 1 year past the end of the Proposal with 2 years of re-established credit. There can be some flexibility based on the loan-to-value (LTV) of your mortgage, so our team went to work finding a solution.

1