- struggling with damaged credit
- property investors
We APPROVED this deal for a one-year term with an interest rate of 4.09% at 75% LTV over 30 years amortization, with a 1% administration fee to be deducted from the advance. Deal is subject to appraisal and income verifications, per policy.
Client is purchasing a new principal residence while carrying heavy debt.
- Client employed in professional occupation for 22 years
- At current residence for five years
- Damaged Credit
- 547 Beacon, 1 recent R4, 1 recent and 1 dated R3, very heavy debt load
- GDS: 16.71% / TDS: 46.79%
- High-rise apartment condo
- Port Coquitlam, BC