Real Deal | 35-year Amortization

XMC-Uninsured Deal Approved – Spring Promotion! 35-year Amortization  After Consumer Proposal.

REFINANCE RURAL RESIDENTIAL PROPERTY USING CONTRIBUTORY INCOME

DEAL HIGHLIGHTS
  • 35-year amortization
  • Consumer Proposal
  • Income: Pension + Contributory
  • Significant monthly savings
  • FREE Home System Warranty

This recently retired client is thrilled to finally be free of credit issues resulting from a divorce. A refinance clears all debts, leaves a significant sum for some upgrades around the property and saves almost $1,000 per month. We used both pension and contributory income to qualify, the Client receives 6 months of FREE Home System Warranty and we’ll donate $50 to the CanadaHelps COVID-19 Healthcare & Hospital Fund supporting the first-line heroes keeping us all safe.
This deal is eligible for our Spring Promo on 1-year XMC-Uninsured deals closing before June 30, 2020. 35-year amortization available! Complete details here. 
FIELD NOTES

Deal Approved at 62% LTV with 35-year amortization; 1-year closed term at 4.14% (1% admin fee deducted from advance). Broker compensation is 70 bps and Client enjoys 5 months of FREE Home System Warranty!

Property
  • Owner-occupied, single-family detached
  • Rural residential
Credit
  • Beacon score 743; Completed consumer proposal; Recent credit events include 1 I7, 6 R7s
  • GDS/TDS: 45.18%/45.18%
Employment
  • Retired; Pension Income
  • Government; IT