Here is how Brampton Mortgage Broker – Rumy Gill, Helped a client with a Mortgage Approval for Buying a Home in Brampton for $800k Detached Home in Brampton.
Sunny a Truck Driver (Owner Operator for over 10 years), had been living in his Brampton Town Home for over 10 years and it was finally time for his family to move into a larger home. Sunny and his family wanted to move into a Mattamy Homes, Brampton Detached Home. They had been to the Mattamy Home Sale Centre a few times and they could not get over the few of Model Homes they saw. They fell in love with the space and floor these Model Homes by Mattamy Homes provided and wanted to move into a new Home right away. Luckily for them the Builder, Mattamy Homes, had a few models that could be purchased and were move in ready within 3 months’ time.
After hearing about this great news Sunny contacted me, Brampton Mortgage Broker – Rumy Gill, to get help with getting a Mortgage Approval. When I sat down with Sunny to go over his Mortgage Approval, I asked Sunny how much of a Mortgage did he have remaining on his Town Home and how much money did he have for the Mattamy Home (Brampton Detached Home) he wanted to purchase. Sunny told me he had $200k remaining on his current Mortgage on his Town Home and that he had $160k that he was going to give to the builder, as he looking into Buying a Home in Brampton for $800k.
Then I asked Sunny, what his income was and what he was declaring on his Taxes. Sunny told me he was declaring only $30k a year after deduction but his monthly deposits were between $12k and $15k. I then asked Sunny to provide me his business bank statements so I could view his monthly deposits, so I could get a better understanding of his total Income.
I asked Sunny, if his wife was working and if so, how much was she making. Sunny told me his wife was working as a Human Resource Manager for 4 years and she was making $65k a year.
After taking a look at both their credit scores and Liabilities I was able to get them a Mortgage Approval for $800k as they had asked me for.
Sunny and his family were excited about the great news and contacted a local Brampton Real Estate Agent (Realtor) from Century 21, to help him sell his Brampton Town Home fast.
Within two weeks, Sunny was able to get to more than his asking price and sold his Brampton Town Home for over asking, all thanks to the help of a Local Brampton Real Estate Agent (Realtor) from Century 21. Not only was Sunny able to sell his Brampton Town Home for over asking price, he was able to get a buyer who was ready to close whenever Sunny wanted to close. This allowed the Local Brampton Real Estate Agent (Realtor) from Century 21, was able to match up the closing dates from the purchase of the Mattamy Home (Brampton Detached Home) and the sale of the Brampton Town Home.
As soon as the Buyer was set with their Mortgage Approval and had waived their condition of Financing and made the Sale of the Home Final, I contacted Sunny to sign his Mortgage Approval documents so his closing for his Mattamy Home (Brampton Detached Home) could be completed.
Contact Brampton Mortgage Broker – Rumy Gill, Today to get the Best Mortgage Options when Buying a Home in Brampton.
Rumy Gill – Mortgage Broker
Direct: 416-855-0545 Ext 101
Office: 2260 Bovaird Dr. E, Unit 202A
Brampton, ON L6R 3J5
Mortgage Intelligence Inc. – Lic# 10428