REFINANCE TO CONSOLIDATE DEBTS AND EQUITY TAKEOUT
Designer Capital worked with our clients to refinance their home in Victoria, BC to consolidate debt and lower their monthly payments.
Our clients were referred to Designer Capital as they were going through a separation and were intending to sell their home and purchase separate homes upon sale of the property. Both clients had several liabilities with high monthly payments and were planning to sell their property during a downturn in the real estate market.
Working with our Big 5 Bank lending partner, Designer Capital provided this Novel Financing Solution:
Joint Mortgage - $875,000
Competitive Rate with Big 5 Bank
Debt Consolidation: Reduction of monthly payments from $8,223/month to $5,145/month with additional equity take-out for renovations
Designer Capital’s Unbiased Advice allowed the clients to lower their monthly payments and consolidate high interest consumer debt. Our advice also allowed the clients to hold on to their property until the real estate market improves to either secure a higher sale price or facilitate a further equity take-out for a future property purchase. Through our experience with Family Law and separations, Designer Capital was able to create a solution for the clients to remain amicable during separation proceedings and better their financial situation for future property purchases.