Dennis is a 29 year old Canadian Citizen. Like many Canadians, Dennis lived and worked in America was for the last 10 years. During his absence from the country, Dennis filed his taxes in here Canada, for rental income, from the property that he owned in Clarington, Ontario.
In 2015, upon his return to reside in Canada, Dennis was looking to buy a new home. He was however unaware of an old derogatory credit issue from years back, which had not been solved. As a result, this credit issue made it impossible for Dennis to obtain funding to purchase his new home, through a bank. By contacting the team at MiMortgage.ca, Dennis was able to secure mortgage funding through a credit union, which enabled him to buy his new home.
- 25 per cent downpayment
- Interest rate of 3.99 percent for 1 year
- Montly payments of $1,246.40
Having a tough time securing mortgage funding due to unresolved credit? We maybe able to help. Speak to an expert at MiMortgage.ca for a quick assessment of your circumstances and for advice on how you can build or improve your credit.
Fictitious names have been used in order to protect our clients’ identities.