a creative solution
A little while back, my clients told me they were considering selling their condo to secure a down payment for a townhouse in Maple Ridge. They mentioned that the father of one of them was gifting part of the down payment to help. Using my mortgage expertise, I explored a creative solution: they could keep their condo as a rental property, use the gifted funds, and take out a small line of credit on the condo to purchase the townhouse. They were thrilled that I didn"t immediately push to list their property but instead offered them thoughtful options. This approach is what I strive to provide for all my client's solutions tailored to their goals.
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live comfortable and stress-free
I recently received a call from new clients who came to me through a trusted referral source. They were struggling with high-interest private financing and found it increasingly difficult to keep up with their payments. Given their age, I was able to secure a reverse mortgage through Home Equity Bank, which significantly helped their situation, but it wasn't quite enough to pay off their entire balance. To bridge the gap, I arranged a private second mortgage to cover the remaining amount needed to pay off their first mortgage. While the second mortgage carried a higher interest rate, I was still able to reduce their monthly payments by $4,200. With the rental income from their two basement suites, they can now live comfortably and stress-free.