Recently Funded Mortgages
![Recently Funded Mortgages 1 mortgage refinance](https://1mortgagebroker.ca/wp-content/uploads/2023/06/remortgage.jpg)
Mortgage Consolidation $487,500
Funding was secured to assist clients in consolidating their existing first and second mortgages into a single mortgage at a significantly lower interest rate through Home Trust.
New Construction Mortgage $595,000
Funding was provided for the brand new construction mortgage through Scotiabank. We persisted with the application process for 2 and a half years, navigating through three delays by the builder that extended the closing by 11 months.
Reverse Mortgage
$334,000
Funding was secured for a retired couple's condo townhouse in Toronto through HomeEquity Bank. The financing was obtained without the need for income verification, lender fees, or future monthly mortgage payments.
Mortgage Refinance $700,000
Funding was secured to refinance an existing mortgage for equity takeout (ETO) on a house in Waterloo, Ontario. The refinancing was successfully completed by Scotiabank without any lender fees.
Private Second Mortgage $130,000
Funding for mortgages was secured through a Mortgage Investment Corporation for a condo townhouse in Toronto, positioned behind an existing first mortgage. The funds, intended for debt consolidation, were obtained without the requirement of income verification and the closing was completed within 2 and a half weeks.
Reverse Mortgage
$334,000
Funding was secured for a retired couple's condo townhouse in Toronto through HomeEquity Bank. The process did not require income verification, involved no lender fees, and necessitated no future monthly mortgage payments.