Real Client Results

Jump to a real example (including bank mortgage renewal strategies):

🏦 Lower Payments with Bank Renewal

🏦 Access Equity with Bank Renewal

⚡Pay Off Faster

📊 Self-Employed (Bank Statements)

📈 Self-Employed (Rental + Business)

🏠 Reduce Costs (Commercial → Residential)

🏦 Lower Payments with Bank Renewal

Lower Monthly Payments Without Refinancing

Toronto

Result

• Secured a lower rate than the client’s bank renewal offer

→ reduced rate from 5.21% to 4.50% (0.71% lower)

→ lowered monthly payment from $4,793 to $3,268 (~32% lower)

→ ~$24,000 in interest savings over 5 years

How This Was Structured

• Structured through a bank mortgage renewal (not a refinance)

• Maintained insurable status (kept access to lower rates)

• Set up a HELOC for added flexibility

• Planned ~1 month before renewal and guided the client on how to restructure their existing bank debt before renewal

• Restructured the maximum amount of debt into secured facilities

→ repackaged into lower-cost mortgage debt at renewal without refinancing

• Extended amortization from 15 → 25 years to lower monthly payment

• Payments can be increased anytime to match the original amortization

→ keeps flexibility without locking into higher required payments

• Incorporated tax-aware planning using the HELOC and RRSP

→ reduced taxable income and improved cash flow efficiency

Costs covered:

• Appraisal: $293.80

• Per diem interest: $314.42

• HELOC setup fee: $508

• Legal (closing): $764.40

Total costs covered: $1,880.62

🏦 Access Equity with Bank Renewal

Access Equity Without Refinancing
Consolidated Debt + Preserved Low Rate

Etobicoke

Result

• Secured a lower rate than the client’s bank renewal offer

→ reduced mortgage rate from 5.20% to 4.35% (0.85% lower)

→ lowered mortgage payment from $2,834 to $2,688.60 (~5% lower)

• Consolidated $36,105 of debt from a ~15.5% average rate → 5.45% HELOC

→ reduced debt payments from $1,083 to $293 (~73% lower)

→ ~$935/month total payment reduction

→ ~$29,000 in estimated interest savings over 5 years

How This Was Structured

• Structured through a bank mortgage renewal (not a refinance)

• Maintained insurable status (kept access to lower rates)

• Set up a HELOC for added flexibility

• Reviewed and optimized the client’s full debt profile ahead of renewal

• Utilized available lines of credit to consolidate higher-cost debt more efficiently

• Coordinated between both partners to maximize available credit capacity

• Consolidated debt without sacrificing flexibility

• Avoided refinance penalties

• Reduced rate further by 0.05% using commission

Costs covered:

• Appraisal: $305.10

• Legal (closing): $764.40

• Commission applied to lower the rate by 0.05%: $706.97

Total costs covered: $1,776.47

⚡ Pay Off Faster

Pay Mortgage Faster + Optimize Finances

Mississauga

Result

• Mortgage payoff reduced to 6 years 10 months (vs 30 years)

• $119,958 in projected interest savings

How This Was Structured

• Structured using an offset-style mortgage (Manulife ONE)

• Income is applied directly against the mortgage balance as it’s received

→ reduces interest immediately — capturing the full benefit of every dollar

• Secured maximum HELOC while income was at peak levels

• Positioned for future strategies: debt swap and cash damming

• Built long-term access to capital for future property purchases

Costs covered:

• Appraisal: $337.87

• Legal (closing): $937.56

Total costs covered: $1,275.43

📊 Self-Employed (Bank Statements)

Qualified Using Bank Statement Income

Ontario

Result

• Increased buying power by over $900,000

How This Was Structured

• Structured using bank statement income through a B lender

• Structured the file to meet bank statement program requirements — increasing approval probability

• Executed within the financing condition timeline to protect the client while securing approval

• Increased qualifying income by ~427% to qualify

Costs covered:

• Lender fees rebated through B lender Recovery program: $2,000

Total costs covered: $2,000

📈 Self-Employed (Rental + Business)

Qualified Using Business + Rental Income

Scarborough

Result

• Increased buying power by over $700,000

How This Was Structured

• Structured through B lender programs not available at banks

• Structured the file to meet bank statement program requirements — increasing approval probability

• Executed within the financing condition timeline to protect the client while securing approval

• Combined rental income + bank statement income for qualification

• Used market rent to support qualification without an existing tenant

• Increased qualifying income by ~267% to secure approval

Costs covered:

• Lender fees rebated through B lender program: $2,000

Total costs covered: $2,000

🏠 Reduce Costs (Commercial → Residential)

Repositioned Property to Qualify as Residential

Ontario (Rural)

Result

• Reduced rate from 6.94% to 5.44% (1.50% lower)

→ lowered monthly payment from $2,369 to $2,063 (~13% lower)

→ ~$15,000 in interest savings over 3 years

• Avoided a ~1% commercial lender fee (~$3,400 saved)

• ~$19,000 saved over 3 years

How This Was Structured

• Structured as a residential mortgage instead of commercial

• Navigated a limited group of lenders willing to consider the rural property under residential guidelines

• Repositioned the property to meet residential lending criteria

• Updated property presentation to reflect residential use

• Reduced rate further by 0.1% using commission

Costs covered:

• Appraisal: $485

• Commission applied to lower the rate by 0.1%: $892

Total costs covered: $1,377

Why This Matters

• Qualification

• Cost savings

• Strategy

• Execution

This isn’t just about finding the lowest rate.

It’s about structuring your mortgage to reduce total cost.

Important

Results vary based on each situation, mortgage structure, and market conditions.

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