Case studies
Our team has experience in a range of lending needs. We provide custom solutions for you and your clients. We’ve highlighted just a few of our many success stories to showcase the scope and the positive effects of timely funding from Sequence Capital.
| Surrey, BC – Pre-paid 1st mortgage | |
|---|---|
| Scenario The client was looking to pay out their existing mortgage and use the remaining funds to pay for their daughter’s wedding. The client was retired and needed to delay selling their home until all their children had moved out. | |
| The solution | |
| Product | 1st mortgage – pre-paid for 1 year |
| Loan | $350,000 |
| Rate | 4.99% |
| LTV | 21% |
| Lender Fee | 1.5% |
| Broker Fee | 1% |
| Result The client gave his daughter the wedding she wanted and will pay back his loan when he sells his home. | |
| Caledon, ON – 1st mortgage home purchase | |
|---|---|
| Scenario The clients were a young, self-employed couple looking to purchase a new home. They initially applied at their bank but found the process to be too time-consuming, and they were in jeopardy of missing their closing date – the clients came to us for help. | |
| The solution | |
| Product | 1st Mortgage – Open |
| Loan | $1,511,250 |
| Rate | 6.99% |
| LTV | 65% |
| Lender Fee | 1% |
| Broker Fee | 1% |
| Result The clients secured funding for their new home in time for their closing date, and with an open mortgage, they will soon be able to refinance with their bank. | |
| Oakville, ON – 1st mortgage for investment purposes | |
|---|---|
| Scenario The client owns and operates an investment management business and was looking to put money into a time-sensitive investment by accessing equity from his free and clear home. Their financials would not support a bank mortgage, and the timeline was too short for an “ALT A” solution. | |
| The solution | |
| Product | 1st mortgage |
| Loan | $300,000 |
| Rate | 4.99% |
| LTV | 6.67% |
| Lender Fee | 1.5% |
| Broker Fee | 1.5% |
| Result The client was able to invest and has already seen a significant return. They plan to pay down their mortgage with the gains from the investment. | |
| Surrey, BC – 1st mortgage pre-sale condo purchase | |
|---|---|
| Scenario This client was a young, self-employed realtor looking to close in their pre-sale condo purchased 3 years prior. As his business was new, he could not qualify at a bank. With only a 7 days until their closing date, they came to us for help. | |
| The solution | |
| Product | 1st Mortgage |
| Loan | $405,000 |
| Rate | 6.99% |
| LTV | 75% |
| Lender Fee | 1% |
| Broker Fee | 1% |
| Result The client was able to secure financing in time for their closing date, allowing them to begin their journey into home ownership and providing them time to improve their income and credit for their next refinance. | |
| Abbotsford, BC – 1st mortgage private purchase | |
|---|---|
| Scenario The client is a young retail worker looking to purchase a home jointly with their parents. They were planning on acquiring bank financing. However, they could not qualify due to a lack of credit history and overall combined verifiable income. | |
| The solution | |
| Product | 1st mortgage – Open after 6 months |
| Loan | $400,000 |
| Rate | 4.99% |
| LTV | 31.25% |
| Lender Fee | 1.25% |
| Broker Fee | 0.75% |
| Result The client could finance a home for them and their parents to live in and can use the next six months to a year to establish credit and a track record of income – they hope to refinance with their bank within a year. | |
| Kelowna, BC – 1st mortgage house purchase | |
|---|---|
| Scenario The client and their spouse are business owners looking to purchase a beautiful mountain property overlooking Kelowna. They likely could have qualified for an “ALT A” mortgage, but the underwriting process was too time-consuming cumbersome, putting their purchase in jeopardy. | |
| The solution | |
| Product | 1st Mortgage |
| Loan | $2,486,250 |
| Rate | 5.99% |
| LTV | 63.83% |
| Lender Fee | 2% |
| Broker Fee | 1% |
| Result The clients could purchase the home and will look to refinance into an “ALT A” in the near future. | |
| Markham, ON – 2nd mortgage for business capital | |
|---|---|
| Scenario This client was an entrepreneur looking to expand his catering business across Ontario. He decided to accomplish this by utilizing the equity in his home and by taking out a second mortgage. The client had a great rate on this first mortgage, and the IRD penalty was too significant to break the mortgage. | |
| The solution | |
| Product | 2nd mortgage |
| Loan | $226,000 |
| Rate | 6.75% |
| LTV | 59.94% |
| Lender Fee | 2% |
| Broker Fee | 1.5% |
| Result The client could secure investment capital to expand his business, potentially increasing business revenue by 50%. He will look to refinance next year when his first mortgage is up for renewal. | |
| Oshawa, ON – 2nd mortgage for a gift down payment and debt consolidation | |
|---|---|
| Scenario The clients were looking to provide a gifted down payment to their only child and consolidate a few of their debts. They had owned their home for 20 years and were looking to upgrade soon but needed funding in the short term. As they are recently retired, they do not qualify for a HELOC at the bank. | |
| The solution | |
| Product | 2nd Mortgage |
| Loan | $100,000 |
| Rate | 6.99% |
| LTV | 46.38% |
| Lender Fee | 2.5% |
| Broker Fee | 2.5% |
| Result The clients provided their child with their first home and cleared up unsecured debt, which increased their cash flow. They plan to pay this off and combine it with their first mortgage when it comes due next year. | |