We have a client who bought an investment property (Condo) a few years ago and it is due for registration recently. The value of the property has gone up but when they go the bank applying for a mortgage, the bank did not recognize the current value of the property when it comes to refinancing, they only recognize the original purchase price which is lower than the current value. Kristian Harris, the senior mortgage agent at MonsterMortgage.ca had helped this client to achieve the mortgage goal with a better solution and… more money in client’s pocket. Let’s watch the video to learn how the math works! Enjoy the show.
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