Second Mortgage Bad Credit Debt Consolidation | Brampton Mortgage Broker -Rumy Gill

Second Mortgage Bad Credit in Brampton for $100k

Here is how Brampton Mortgage Broker- Rumy Gill, Helped Janet a Home Owner from Brampton with a Second Mortgage Bad Credit Debt Consolidation for $100k.

Janet had contacted me, a Brampton Mortgage Broker – Rumy Gill for a new Second Mortgage on her Home in Brampton to pay off her High Interest Debts, Collections and Late Payments.

Janet had tried to a Mortgage Refinance with her Bank (CIBC) but was decline due to her Bad Credit.  Her monthly Payments were becoming too much to handle, and she had no Money available to pay off her Collections and late payments which were stress her out and resulted in Bad Credit. Janet needed help and fast.

With the help of a Brampton Mortgage Broker- Rumy Gill, Janet, was able to Refinance her current Second Mortgage and pay off her debts with a new Second Mortgage Bad Credit Debt Consolidation. By Leveraging the Equity in her, Janet was able to take care of all the high interest debts, collections and late payments and put a stop to all the stress. She could now start over,

Janet’s Old Bad Credit and Debt Situation:

*CIBC Mortgage for $442,000 monthly payments of $2,016.44
*Second Mortgage for $46,000 monthly payments of $460
*RBC Visa Credit Card $417 monthly payments of $15   (in Collections)
*RBC Visa Credit Card $3,031 monthly payments of $95 (in Collections)
*RBC Mastercard Credit Card $1,223 monthly payments of $39 (in Collections)
*CIBC Visa Credit Card $2,147 monthly payments of $65 (late payments)
*Car Loan $21, 500 monthly payments of $612 ( 3 Late Payments)
*Money Mart Pay day Loan $2, 591 monthly payments of  $226 (in Collections)
*Cash Money $5,391 monthly payments of $351 (in Collections)

Total Debts $524,300
Total Monthly Debts $3,879.44

Janet’s New $100k Second Mortgage Bad Credit Debt Consolidation Situation:

*CIBC Mortgage for $442,000 monthly payments of $2,016.44
*New Second Mortgage Bad Credit Debt Consolidation for $100,000 with monthly payments of $832.50
*All Collections paid and cleared
*All Late payments paid and cleared
*$10k Cash in Hand for Client

Total Debts $542,000
Total Monthly Debts $2,848.9

Janet was able to save $1, 030.50/month and Over a year that’s $12,366.

The real benefit was that Janet was able to pay off all her Debts in full, which helped with increasing her Credit Score from a Bad Credit rating to a much better one. Because of the Second Mortgage Bad Credit Debt Consolidation done by Brampton Mortgage Broker – Rumy Gill, Janet is now able get a Mortgage Refinance done in the upcoming year, which will allow her to save even more money.

Contact Brampton Mortgage Broker – Rumy Gill, Today to get the Best Mortgage Options for your Second Mortgage Bad Credit Debt Consolidation. Helping you find savings in your Mortgage!

Second Mortgage Bad Credit Debt Consolidation | Brampton Mortgage Broker -Rumy Gill
Second Mortgage Bad Credit Debt Consolidation | Brampton Mortgage Broker -Rumy Gill

Rumy Gill – Mortgage Broker

Direct: 416-855-0545 Ext 101
Email: Rumy@BramptonMortgageBroker.com

Office : 2260 Bovaird Dr. E. Unit 202A
Brampton, ON L6R 3J5

Mortgage Intelligence Inc. – Lic# 10428

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