Jacob and his wife both residents of Brampton, wanted to renovated their basement and kitchen and to do so they were looking for a home renovation second mortgage plan. However, after getting rejected by the bank they got in touch with Rumy Gill from Brampton Mortgage Broker for help. Here’s what happened next.
Jacob and his wife discussed their entire situation with me. They were planning to renovate their basement and kitchen but did not have the funds to carry it out. They reached out to the bank but they had rejected them saying that their credit score was too low and they would have to clear their existing debts in order to be approved. Getting the money was the only problem as they had already got a few quotes from some of the local contractors. They were eager get the work started.
After discussing their requirements, we sat down and looked over some home renovation second mortgage plan options that would be more than enough to fulfil their needs. We also looked into a contingency plan that would put in some extra cash, just for safekeeping. This would allow them to use this amount in case some unexpected cost came along during the renovation work. After the paperwork was done, I was able to secure $65k for the couple and they started off with their renovation project within a few days.The best part of the loan was, that the monthly payments were less than $400. This allowed the couple to go outside their budget spend on upgrades for both the kitchen and the basement. In the end, they were satisfied clients who got what they were looking for. The extra money was used on the upgrades and the renovations were completed successfully and the monthly payments were more than affordable.
The best part of the loan was, that the monthly payments were less than $400. This allowed the couple to go outside their budget spend on upgrades for both the kitchen and the basement. In the end, they were satisfied clients who got what they were looking for. The extra money was used on the upgrades and the renovations were completed successfully and the monthly payments were more than affordable.