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The Challenge: Credit Rating
John had just come through a difficult divorce and his credit rating had suffered as a result. While he needed to pay out his former wife as part of the divorce settlement, his bank wouldn’t lend him the funds he needed. His existing first mortgage wasn’t due for another three years and had a high interest penalty for early cancellation.
The Result
After meeting with John to gain a full understanding of his situation, Secure Mortgage Group was able to secure a second mortgage for him. The second mortgage enabled him to pay out his former wife and pay off his debts at a low monthly payment he could easily afford.
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