Here is how I (Brampton Mortgage Broker – Rumy Gill) was able to help a Truck Driver from Brampton, ON get his Mortgage Refinance of $700k Approved just be he was about to give up.
A Truck Driver from Brampton, ON had come to me 3 weeks before the renewal of his mortgage was about to start but he wanted to refinance his mortgage. He was getting a rate of 5.78% (which is outrageously high) on his renewal of his mortgage of $550k. The client did not want to renew his mortgage as he was looking to refinance his mortgage for $700k so he could get money to pay off debts (credit cards, lines of credit, loans) he had and complete his basement renovation which he had planned for months.
The problem the client had was he wasn’t able to show his income on paper, although he was earning more than $9k a month he was not able to qualify with a mortgage lender even after trying with a few Banks, and which and another Mortgage Broker, and since he was not getting what he wanted, he was considering renewing his mortgage at 5.78%, that’s until he spoke with me (Brampton Mortgage Broker – Rumy Gill).
Given his situation, I found his income not to be an issue to deal with and I was still able to provide him a Mortgage Refinance of $700k at a rate of 3.99% with fairly low Income documents needed. The Mortgage Refinance of $700k allowed him to pay off debts (credit cards, lines of credit, loans) and finally get to complete that basement renovation he had planned for months. All in all, the client was happy with the end result, given his short time frame and income situation.
If you are considering a Mortgage Refinance, then you should contact Brampton Mortgage Broker – Rumy Gill, to get the best mortgage options for your Mortgage Refinance.
With our Easy Approval process, Brampton Mortgage Broker – Rumy Gill can help you find Great Rates, and Low Affordable Low Monthly Payments that work best for your situation. Don’t wait any longer; contact Brampton Mortgage Broker – Rumy Gill Today, Apply Online or Call Now to get your Mortgage Refinance started.