First-party case evidence
Funded cases from Hamilton and Niagara
These anonymized files are educational examples, not approval-rate claims. They show the borrower, property and lender-fit issues that actually appeared in files from the cities represented above.
Recently Funded•Hamilton
Mixed-Use Property Financing in Hamilton
A mixed-use residential-commercial property in Hamilton with more than 20 total units required financing to support a title transfer and ownership transition. The file was difficult because the property combined residential and commercial use, had multiple income streams, and did not fit many lenders' preferred property types. HopeWell structured the file for private investors who understood mixed-use income-producing real estate, allowing the transaction to proceed.
- Solution
- Private mortgage
- Purpose
- Title transfer and ownership transition
mixed-use propertycommercial residentialHamilton
Read the case study →Recently Funded•Hamilton
Hamilton Spousal Buyout Approved with A-Lender Credit Exception
A Hamilton client was a C-suite executive who wanted to buy out his spouse’s share of the home following divorce. Because of the mental and financial stress surrounding the divorce, he had accumulated significant credit-card debt and his credit score had been affected. We approached a major A lender, explained the situation, and requested a credit-score exception. The lender approved enough mortgage funds to pay out the existing joint mortgage, pay the spouse’s buyout amount, and consolidate part of the client’s debts. In spousal buyout, divorce, or separation files, recurring child support and spousal support obligations must be considered as liabilities when calculating the TDS ratio.
- Solution
- A-lender spousal buyout refinance
- Purpose
- Spousal buyout, joint mortgage payout, and partial debt consolidation
Hamilton Ontariospousal buyoutdivorce refinance
Read the case study →Recently Funded•Hamilton
Hamilton Purchase Approved with 100% Foreign Income and Dubai Sale Proceeds Down Payment
Hamilton clients were purchasing their primary residence in Canada. The husband worked as a commercial pilot for a major international airline and lived in Dubai, while the wife lived in Canada and was not working. The two major underwriting issues were that 100% of the income was foreign income and 100% of the down payment was coming from the sale of a property in Dubai. The clients wanted 80% LTV. Most A lenders were only comfortable up to approximately 65% LTV for this type of file. We approached almost every A lender in the broker network to request an exception for 80% LTV. The next practical option was a B lender. The B lender considered the foreign income through the husband’s job letter, pay stubs, and three months of bank statements showing salary deposits. For down payment, we submitted the Dubai sale deed, copy of bank draft, and bank statement showing deposit of the sale proceeds.
- Solution
- B-lender purchase mortgage
- Purpose
- Purchase mortgage using foreign income and Dubai property sale proceeds
Hamilton Ontariopurchase mortgageB-lender approval
Read the case study →Recently Funded•Hamilton
Hamilton C-Suite Executive Refinanced from Private Mortgage to A Lender Despite High Support Obligations
A Hamilton client was a C-suite executive with strong income but was stuck with a private lender paying very high interest. The file was complex because the client had gone through multiple family-law obligations and was paying high alimony and support payments. Lenders consider ongoing alimony and child support as liabilities, so these payments are included when calculating the total debt service ratio. Even with strong income, the ratios were going high. The credit score was on the margin, and there was also significant unsecured debt. We reviewed the full financials and recommended a full refinance. We obtained an A-lender approval with a credit-score exception, allowing the client to refinance out of the private mortgage.
- Solution
- A-lender refinance
- Purpose
- A-lender refinance to exit private mortgage and consolidate unsecured debt
Hamilton OntarioC-suite executiveprivate mortgage exit
Read the case study →Recently Funded•Hamilton
Hamilton Family Purchase Approved Using Stated Income and Rental Offset
A client wanted to purchase a home in Hamilton for her daughter and her daughter’s partner, both of whom were in school and not working. The mother already owned her own home and operated a cleaning business, but her T1 income was low because she wrote off much of her business income. Her husband worked seasonally, so his income needed to be averaged using T4s. We recommended a B-lender stated-income approach based on 12 months of business bank statements and also used basement rental income offsets from both properties where lender policy allowed. The file was approved.
- Solution
- B-lender stated-income mortgage
- Purpose
- Purchase for daughter and daughter’s partner
Hamilton Ontariofamily purchaseself-employed mortgage
Read the case study →Recently Funded•Niagara Falls
Niagara Falls Alternative-Lender Second-Position HELOC Used for Debt Consolidation Despite Very Low Credit Scores
Niagara Falls clients wanted to consolidate debts to lower their monthly payments. Their credit scores were very low because of multiple missed payments, so they would not qualify for a regular mortgage from A lenders or B lenders. We reviewed the file and recommended a HELOC in second position from an alternative lender with a four-year term. This allowed them to consolidate debts, improve cash flow, preserve the existing first mortgage, and use a more flexible structure than a short-term private mortgage.
- Solution
- Alternative-lender second-position HELOC
- Purpose
- Alternative-lender second-position HELOC to consolidate debts and lower monthly payments despite very low credit scores
Niagara Falls Ontarioalternative-lender HELOCsecond-position HELOC
Read the case study →Recently Funded•Hamilton
Hamilton Second-Position HELOC for Credit Card Debt Consolidation
Hamilton clients were struggling financially after the wife became sick and stopped working. The primary applicant was self-employed. The illness and loss of household income damaged their finances, and they ended up taking on a lot of credit card debt. The credit card payments were very high, and the clients were struggling to keep up with both mortgage payments and unsecured debt payments. We arranged a HELOC in second position to consolidate the debts. This reduced their monthly payments and increased their cash flow.
- Solution
- Second-position HELOC
- Purpose
- Consolidate credit card debt and improve monthly cash flow
Hamilton Ontariosecond-position HELOCdebt consolidation
Read the case study →Recently Funded•Hamilton
Hamilton Private Mortgage Refinance to B Lender Reduced Monthly Payments by About 60%
Hamilton clients approached us in a very difficult situation. They had a high-interest private mortgage and also had a second mortgage charging a high interest rate. Both husband and wife were salaried, and the household also received Canada Child Benefit. Still, approximately 90% of their income was going toward mortgage payments. We ordered an appraisal, reviewed their finances, and structured the file for a B lender. The refinance paid out the high-cost private mortgage structure and reduced their monthly payments by approximately 60%.
- Solution
- B-lender refinance
- Purpose
- Private mortgage exit, second mortgage payout, and monthly payment reduction
Hamilton Ontarioprivate mortgage exitB-lender refinance
Read the case study →Recently Funded•St. Catharines
St. Catharines B-Lender Second-Position HELOC for Debt Consolidation
Clients in St. Catharines wanted to consolidate debts and were shopping for a private second mortgage. Everyone they spoke with quoted private second mortgage rates. We reviewed their finances, income, debt structure, repayment capacity, and overall goals. The conclusion was that a private mortgage was not the best product. A second-position HELOC from a B lender gave them a lower-cost structure, a longer term than a standard one-year private mortgage, an automatic renewal feature at maturity subject to lender terms, and open repayment flexibility. They could pay it down anytime without penalty. This was a better fit than simply moving credit card debt into a private mortgage without meaningful repayment certainty.
- Solution
- B-lender second-position HELOC
- Purpose
- Debt consolidation and flexible equity access
St. Catharines Ontariosecond-position HELOCB lender
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