One Stop Mortgage Corp Success Stories

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.

A retired couple living in Prince George, BC contacted Mark after being referred to One Stop Mortgage Corp. by a family member. 

They required funds to payout their existing First Mortgage with CIBC which was several months in arrears and funds to travel abroad for 2‐3 months. 

After determining what exactly they needed to payout their existing Mortgage and take the vacation, Mark set them up with a Medium First Mortgage of $145,000. This took the Loan‐to‐Value on their property to 40%.  Their credit scores were 684 and 631.

Large First Mortgage

A couple from Calgary, AB that improves and flips homes in addition to their full‐time employment income.

They needed funds to close a deal on 3 identical condo units and undertake minor renovations before putting them back on the market. 

Saverio arranged a Large First Inter Alia mortgage in the amount of $760,000.00 with  a Loan‐toValue of 66%.

Their credit scores were 594 & 716

Medium Second Mortgage

A single man living in Pemberton, BC needed to get funds to eliminate high‐interest credit card debt he had accumulated while facing health issues over recent years. 

He owns his own home in Pemberton and has an existing First Mortgage. 

Sergio put together a Medium Second Mortgage of $89,000.00 to go behind his existing First. 

This took his Loan‐to‐Value up to 75%. His credit score was 632.

A single father of 2 with a commission‐based job needed funds to purchase a new vehicle and cover tuition costs for his oldest child.

He owns his home in Abbotsford, BC with an existing First Mortgage balance of approximately $320,000.00. 

Saverio put together a Medium Second Mortgage of $85,000.00 taking the client’s Loan-to-Value to 60%. He had a credit score of 515.

Medium First Mortgage

A young business owner in Red Deer, AB filled out an online application in hopes to alleviate some pressure he’s facing from creditors from being in arrears on invoices related to his business. 

He owns the condo where he lives in downtown Calgary.

Mark put together an offer for a Medium First Mortgage of $145,000.00 which put his Loan-to-Value at 45%. 

The client had a credit score of 615.

Small Second Mortgage

A recent‐grad moving out of her parent’s home in Delta, BC needed additional funds to furnish her own recently purchased home. She needed to secure funds to go on top of her Large First Mortgage. 

Sergio arranged a Small Second Mortgage of $40,000.00 for her to furnish her home and help attract roommates who will pay rent which will ultimately bring her rental income. This took her Loan-to-Value up to 70%. Her credit score was 673.

A husband and wife in Langley, BC were looking to add a small Medium Second Mortgage to their existing First with a large bank as the husband planned to go back to school and they also needed a second vehicle.

They were referred to One Stop Mortgage Corp. by a friend who had a good experience after turning to One Stop when she was facing financial hardship.

After a few days of communication with Mark and determining what they need, they were set up with a Medium Second Mortgage of $75,000.00.

Their Loan‐to‐Value was taken up to 65% and they had credit scores of 631 and 557.

Small Second Mortgage

A young home‐owner in Red Deer, Alberta needed funds for improvements and renovations to his rental property.

He saw our Facebook page through a friends “Like” on his feed and through our Page, found himself on the One Stop Mortgage website. 

Within days of receiving his application, Sergio set him up with Small Second Mortgage of $38,500.00 to go behind his current First. Mortgage.

-His Loan‐to‐Value went up to 45%. 
-His credit score was 703.

He was at risk of losing his long‐term tenants and rental income but was able to appease them and get overdue improvements underway.

Small Second Mortgage

A recently divorced woman living in Edmonton, Alberta with 3 young children was in need of funds to get her through until her ex‐spouse found employment.

Saverio arranged a Small Second Mortgage of $23,000.00 to go behind her current First.

This took her Loan‐to‐Value up to 50%. 
-She had credit score of 512.

After unsuccessfully applying for a large mortgage with 2 large banks, a development team made up of two realtors and a builder in Victoria, BC got in touch with Sergio in an effort to secure funds for a large construction project they intended to undertake. 

‐     After thoroughly reviewing the appraisal of the property and proposal for the project, Sergio arranged a large First Mortgage of $2,650,000.00. 
‐     This deal was done at 65% Loan‐to‐Value. 
‐       The three men in the development team had good credit scores of 639, 690 and 583. 
‐     They were happy and surprised to see how quickly their deal came together and that they could begin construction on their project on their planned date.

Small Third Mortgage

We received an application from a mortgagee who had two previous mortgages in years past with One Stop Mortgage Corp.

‐They were looking to take out a Third Mortgage to cover credit card debt they had incurred due to unforeseen circumstances. 
‐ The couple’s credit scores were 501 and 524 
‐ Taking their home in Surrey, BC up to 71% Loan‐to‐Value, Mark arranged a small Third of $20,000.00 and lightened some of the burden faced by this family.

Large First Mortgage

A single mother of one sent in an online application online for a large first to pay‐off debt she had accumulated when she started a business that didn’t make it past the second year.

‐She owned her primary residence in Lethbridge, Alberta. 
‐Had a credit score of 498. 
‐Saverio put together a Large First Mortgage of $195,000.00 to cover her debt and put a small amount of cash in her pocket, which she requested to purchase a used vehicle. 
‐Her Loan‐to‐Value went up to 48%.

‐Sergio received an application from a gentlemen looking for first and second inter‐alia mortgages over three condo unit properties he owns in Edmonton. 
‐The client had a credit beacon at 587 and requested between 40‐50% total loan to value over the two mortgages. 
‐Sergio was able to arrange a large first mortgage of $205,000.00 and a large second mortgage of $165,000.00. The total loan to value was 45%.

Existing Medium Mortgage

‐Mark was contacted by an existing client from Kelowna, BC who has an active second mortgage with One Stop Mortgage Corp. 
‐The couple needed additional funds to catch up on property taxes in arrears and undertake minor renovations to their home. 
‐With credit scores of 680 and 561 and having no payment issues with the existing mortgage, Mark prepared a new second mortgage and the clients left happy once again. 
‐Loan to value was bumped up from 45% to 55%

Large Second Mortgage

‐Two sisters and business partners in Fort McMurray applied online via onestopmortgage.ca for a large second mortgage to renovate their retail business 
‐Saverio arranged a  private second mortgage of $220,000.00 behind the borrowers current  1st mortgage with Scotiabank 
‐The combined mortgages took the secured property up to 75% loan to value. ‐    One had a credit score of 702 and the other's was 621.

‐ A young 30’s couple in Southern Alberta in the town of Brooks needed a home equity loan to
help pay off accumulated CRA and credit card debt in addition to wanting to undertake
renovations to their recently purchased home.
‐ They stated they were looking for a conventional short‐term mortgage at 35‐40% loan‐to‐value
‐ Saverio secured a first mortgage of $150,000.00 which also provided some extra cash in their
pocket which they requested at the very last‐minute.
‐ The mortgagor’s had good credit scores of 620 and 643.
‐ The clients were happy to have their high‐interest rate debt cleared and begin improving their
home just 6 days after sending in their application to One Stop Mortgage Corp.

‐ Two brothers in Fernie, BC approached Mark through email to realize funds through their homeequity
to purchase a new truck for their business.
‐ They had a first mortgage on their shared home with an existing balance of $210,000.00.
‐ Mark arranged a small second mortgage of $48,000.00 to go behind their first and take them up
to 70% LTV.
‐ One of the clients had a good credit score of 667 and the other was poor at 581.
‐ The brothers left excited to add a new truck to their existing line‐up of 1 and grow their
business.

‐ A mother and son team living in Richmond was looking to buy an investment property in the
popular Kitsilano neighborhood of Vancouver.
‐ They needed immediate funding to close the purchase agreement they had open for just a few
more short days after months of looking for the right property.
‐ Working with 75% loan‐to value, Sergio was able to provide them with the $330,000.00 they
needed in the two day turnaround time they had.
‐ Their credit scores are excellent at 710 and 691
‐ They were ecstatic to close the deal on the property within the short time‐frame allotted.

- A repeat client, self-employed single woman from Lethgridge, who approached Saverio last year for a construction loan, came back to OSM for a Second mortgage over her current home.
- She was in need of further funds to help her continue to build the new home in progress since last year.
- Saverio arranged a second of $82,000.00 at 68% loan to value behind a first from Vancity. Her credit is 624

- Two brothers needing funds to renovate their retail business came to Mark for a Second mortgage. Both brothers are married and as stated above, self-employed.
- Mark was able to arrange a large second for them of $130,000.00 at 74.50% Loan to Value over them home in Maple Ridge
- Credit scores of 690 and 713

- Sergio arranged a small second mortgage for a young man moving out of his mother’s home in Langley who needed extra funds for a purchase on top of a first he got from MCAP
- Sergio was able to tailor a deal with a 6 month term for the young man who just got his real estate license recently and is expecting higher earnings soon
- The deal is 72% LTV
- His credit score is 691

Older man living in New Westminster approached Mark for a Second mortgage on his rental property earlier in the year:

- He came back again for another Second mortgage on his home in order to pay property taxes and pay for some improvements
- Mark arranged a $42,000.00 mortgage behind a 1st Scotiabank mortgage to 27% Loan to Value
- His credit is 762
- Because the LTV was so low Mark was able to arrange the loan without an appraisal

- Single Father, 1 child, living in Port Moody
- Mark arranged a small Second mortgage behind of first with BMO for a local man who left his job as a carpenter to start his own business
- The start-up did no go well and while he is now employed he had some small debts and needed money for property taxes
- Mark secured a $18,000.00 loan up to 72% Loan to Value for him
- His credit is 647

–- In 2014 Saverio arranged a large second mortgage for borrowers who needed funds for construction of a four-plex in Airdrie.
- They came back this year to refinance so Saverio arranged a new second for them at a lower rate
- The loan to value on the completed property will be 30%
- Credit Bureaus at 682 and 711

- Single Woman living in Langley
- 1 Dependent
- Took time off to care for ailing relative
- Sergio arranged a half interest mortgage on her rental property
- 75% Loan to Value
- Credit Bureau 515

- Couple from Kamloops
- Purchased a lot just over a year ago and have been preparing it for a pre-fabricated home
- They were in need of funds to complete the home and have it moved to the lot
- Mark arranged a first mortgage for them based on the loan to land value at 77% and the loan to value of the completed property at 20%.
- Good credit scores at 675 and 705

– Construction Couple building a duplex in Lethbridge, flipping homes in addition to full time employment
- Mark arranged a construction loan for them based on the value of land with further funds to be advanced as construction progresses.
- They already had a large first with Alberta Treasury branch so the loan Mark arranged is a second.
- The loan to value on the completed property will be 65%
- Excellent credit at 740 and 748

- Couple with 3 children in Okotoks, AB
- Husband is on DI
- First mortgage with CIBC in arrears
- Mark arranged a small 1st mortgage to payout the CIBC mortgage and consolidate debt including$15,000.00 owing to CIBC Visa
- Loan to Value 50%
- Credit Bureaus 528 and 573

Couple living in Pemberton, own a home and apartment
- Mark arranged an inter alia mortgage over both properties to help them payout debt
- Over 40k in credit debt
- Total loan 75,500.00 at 54% LTV, 2 year term
- Husband self-employed, wife in retail
- Credit 598 and 610

Woman from Coquitlam
- Owns a condo
- Beacon of 599
- Mark arranged a third of 25,000.00 at 71% LTV
- Self employed
- Needed money for a car to use for job

- Couple living in New Westminster
- Mark arranged a second of 195,000.00 at 62% LTV (paid out current second with mortgage MIC)
- They needed money for education purposes, car loan
- Husband was laid off last year
- Wife teaches piano
- Beacons 532 and 525

- Husband and wife from Medicine Hat
- Had a first mortgage in arrears a few payments, certificate of pending litigation
- Sergio arranged a new first to pay out the current loan
- 205,000.00 at 72% LTV
- Credit 525 for wife. Husband an R
- 2 kids
- Together make about 80K a year

• Single middle aged man – suffered on the job injury earlier in life, postponing completion of education and increase of income, has now recovered and works several jobs
• Property in Rural AB with two dwellings. His mother lives in one and they split bills.
• Mark arranged a new 1st to pay out his current with ATB and property tax arrears and capital for re certification for job.
• 1st  of 210k , 58% LTV
• Beacon 577 – one R9 on a closed account

• Couple living in Calgary
• 1.5 mil home
• Have a large 1st  with CIBC and 2nd Private mortgage on Calgary home
• Have a 3rd on rural property already that One Stop arranged years ago
• Beacon score 595 and 605
• 55k in debt – LOC, credit cards
• Mark arranged a new 3rd to payout there existing 3rd with some left over
• New mortgage of $175,000.00 LTV 73%
• Exit strategy – will payout this mortgage with proceeds of the sale of a family owned property in near future.

• Middle aged clients, self-employed, living in town house in Coquitlam
• Repeat clients who already have a 3rd  mortgage from One Stop to consolidate debt and came back for more money, had R4s and R5s and now all R1s,  beacons fair high 500 low 600
• Have a 1st of 50K and a 2nd of 62K with Scotiabank
• Mark arranged a new 3rd for 70k to payout out the old 3rd provide extra funds for the purchase of a business that will be run by their daughter in law
• LTV 79%

• Woman in her 30s with one dependant, works in management
• First mortgage arrears of 11k due to time off work for upgrading her certification for work
• Good Beacon Score
• Appraisal confirmed a value of 555k and with a  current 1st of 420k not much equity left
• Mark arranged a 25k second mortgage at 80% LTV
• House was about to be listed for sale due to the 1st mortgage arrears
• The clients can now sell the house under their own power when they are ready or keep it

• Retirees living in Maple Ridge
• Had a certificate of pending litigation on title registered by CIBC due to many months of arrears
• Have a First with CIBC they MUST pay out
• Racked up debt approx. 20k in credit cards
• Beacon not bad for Husband 680, Wife has no credit, her score is, N
• Solution is a new 1st of $190,000.00 LTV 32%