Medium First Mortgage
A retired couple in their 70’s living in Parksville, BC.
They have owned their home with clear title for 30+ years and applied for a First Mortgage to pay for a new roof and purchase new appliances for their home. They had credit scores of 683 & 654
Saverio arranged a Medium First Mortgage of $55,000.00 taking their Loan‐to‐Value to 35%
Large First Mortgage
A married couple in their late 30’s living in Banff, Alberta sent in an application as they narrowed down their search for a second rental property. They found an ideal lodge to rent out to tourists and visitors throughout the year, while also occasionally occupying themselves.
Mark put together a Large First Mortgage of $530,000.00 for them to complete the purchase. This took their Loan‐to‐Value upto 60%. Their credit scores were 745 and 587.
They were delighted to have the deal closed and take ownership just before the prime tourist season in Banff.
Small Second Mortgage
A single man in Raymond, Alberta called the One Stop Mortgage Corp. office to discuss his options with a financial burden he was facing.
He had Canada Revenue Agency debt in arrears and had also built up credit card debt over the past year and a half.
Sergio set up a Small First Mortgage of $50,000.00. This took his Loan-to-Value upto 40%. His credit score was 578.