XMC-Uninsured Deal Approved After Consumer Proposal – XMC AERO Rewards Free Mortgage Payment!!!
REFINANCE WITH BEACON SCORE 603 USING CHILD TAX BENEFIT
- Beacon 603
- Consumer Proposal
- Alternative Income: Child Tax Benefit
- Significant monthly savings
- FREE Home System Warranty
- FREE Mortgage Payment
This client’s credit was reeling from the impact of a serious accident that reduced household income. This refinance will allow the family to pay all debt, complete some much-needed home improvements and save more than $1,500 monthly.
We used the Child Tax Benefit to help qualify AND covered the first payment on this one because their awesome mortgage broker holds XMC AERO status!
Get more information on the XMC XCELERATOR Partner Program here.
Deal Approved at 80% LTV with 30-year amortization; 2-year closed term at 4.84% (1% admin fee deducted from advance). Broker compensation is 80 bps and Client enjoys 1-year FREE Home System Warranty!
- Owner-occupied, single-family semi-detached
- High marketability
- Beacon score 603; Completed consumer proposal; Recent credit events include 1 I9, 4 R9s
- High utilization > 90%
- GDS/TDS: 39.87%/39.87%
- Permanent full-time
- Government; Administration
- Current position > 3 years
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