#010 RSIRE Refinancing for Renovations or Debt Consolidation
Alex Wilkins and his wife decided that they equity in their home was not being put to good use.
Alex had decided to set up his own business, and needed start up capital to ensure a smooth start. They were surprised how much equity was in the the home, and they had to decide how much they actually needed and whether they could use funds for other purposes. As Alex and Denise discussed during the podcast, many people refinance to pay off higher interest rate debt; start a business; use the equity during a period of unemployment or maternity leave, among other things. They also discussed a remortgage vs just a line of credit.
What did he learn? Would he do it the same way again? What advice does Alex have for others considering the process?
Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.
To get in touch with Denise:
Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca
Phone: 289-645-1568 ext 1
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