A special thanks to our closest friends that introduced us to Jennifer Price at the Price Team Mortgage company in Fergus Ontario. We live some distance away in Stoney Creek Ontario.
I'm sure that many people are in a similar situation that my wife and I were in as 2017 was coming to a finish, that situation was simply a shortage of cash, a number bills and lots of home equity that seemed untouchable without actually selling our home. In the spring of 2018 my wife and I will turn seventy and we both want to keep our home and yet we want to remove debt so that at the end of a month we have plenty of cash left. We also want to know that we will leave our home to our son and that the equity will outweigh the remaining mortgage by a substantial amount. Our closest friend told us of their dealings with Jennifer Price at Price Team Mortgages and how incredible the outcome was for them. Their outcome was lots of cash at month end, no debts and still lots of equity in the home they owned in Fergus.
Sounded too good to be true, first off we lived in Stoney Creek, over a one hour drive from Fergus. Secondly, we had so many debts, some small and some large, but we did have some equity in our home. Our first concern was how someone so distant would be able to work with us in an efficient timely manner. Secondly we had heard mortgage rules were changing and could we do this before the changes that were due to take place. Third issue we had to consider was an appraisal of our home which seemed impossible as we were in the midst of some renovations and how would someone in Fergus understand the value of homes in Stoney Creek. NB: The appraiser came from Oakville
We opted to contact Jennifer Price as we felt that we could at least learn more about how we might fit into the process and whether or not we actually qualified. It was early December 2017 and we knew our chances of putting this together before year end were slim and maybe none. Jennifer would need to organize an appraiser, examine all our outstanding debts, calculate how this could all be assembled so that at the end of the day we would have "NO" debts, a small increase in our existing mortgage and unbelievably leave us with a good sized chunk of money in savings. And she had to interact with a lawyer based in Guelph who also needed to act in a timely manner. At the end of the day Jennifer pulled this off and before Xmas we had completed the entire process and we had a savings account like never before.
Today we have no outstanding bills and a small increase in our mortgage payments, but we also have a large amount of money in savings that allows us to live day to day with no financial worries or concerns about the future. We still can't believe what an amazing difference this has made to our monthly budget, we actually are ahead every month by over fifteen hundred dollars, a big WOW for Jennifer.
We must also thank our appraiser Bill Boros from Oakville, Mark F. Graham our lawyer in Guelph, they both did excellent work and in a very timely manner.
This has been a life changing event for my wife and I, we have gone from being worried about our future to having no worries and an excellent financial plan moving forward.
Blayne and Ruby Willett read more
