Here is how I (Brampton Mortgage Broker – Rumy Gill) was able to help a Truck Driver from Brampton, ON get approved for $700k Mortgage Refinance just before he was about to give up.
A Truck Driver from Brampton, ON, had come to me 3 weeks before the renewal date. He was looking to refinance his mortgage as he was not happy with the mortgage renewal he was getting from his current mortgage lender. He was being offer a rate of 5.99% (which in my opinion is a outrageously high) on his renewal of his mortgage of $550k. The client did not want to renew his mortgage as he was looking for $700k Mortgage Refinance 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 issues with their income. He wasn’t able to show his income on paper, although he was earning very good income. and because of this he was not able to qualify with a mortgage lender even after trying with a few Banks, and which and another Mortgage Broker. Since he was not making any progress with his mortgage refinance, he was considering renewing his mortgage at 5.99% with his current mortgage lender. But before moving forward on that decision he decided to give it one last try and reach out to me (Brampton Mortgage Broker – Rumy Gill).
Given his situation, I found his income not to be an issue to deal with and I was able to get a $700k Mortgage Refinance approved. I was able to secure him a rate of 3.99% with fairly low Income document. His Mortgage Refinance now 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.