Elfie Hayes

Re-Financing a Mortgage In Consumer Proposal:

Re-finance of Consumer Proposal

You might be in the midst of a Consumer Proposal, but there may be a way to shorten the time required to pay it out and begin building your credit again. TDFS is a division of Toronto Dominion Bank. They have recently launched a mortgage option for those who are in a Consumer Proposal and have paid as agreed for a 1 year term.

The Mortgage will allow clients to refinance their home (provided they have equity) and pay out the remaining Consumer Proposal. The greater benefit is that the new mortgage would report to the credit bureau and aide in the restoration of a clean Beacon Score. TDFS (Toronto Dominion Financial Services) will consider the 1 year of repayment of the Consumer Proposal as re-established credit for the purposes of obtaining the refinance.

Instead of taking 3 or 5 years to pay a Consumer Proposal in full, the time could be reduced to just 1 year. While the interest rate is higher than a traditional mortgage, the rebuilding of credit and completion of the Consumer Proposal is off set by leaving the Proposal behind and having a fresh start. At the end of this TDFS mortgage, a client should have clean credit and be able to apply for a competitive mortgage through a national lender without higher rates or the possibility of being declined for financing.

If you are in this situation, please contact us today and find out if we can assist you!

Every Canadian deserves a home they can call their own. Let “Your Durham Region Mortgage Solutions Team” at Mortgage Intelligence help you with a low rate solution! Apply today & save!

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Elfie Hayes

Elfie Hayes (AMP) FSCO Lic M08001377


	57 Kenneth Ave.
	Oshawa
	Ontario
	L1G 5N3
	Canada

	905-443-0197
	905-720-4489
	http://www.lowrate.ca

Elfie Hayes is a Business Woman, Mortgage Agent and team leader at Mortgage Intelligence Oshawa. She has helped Residents of Durham achieve home ownership for over 30 years. First as a Realtor and more recently as an Accredited Mortgage Professional. She has grown a team of full time licensed Mortgage Agents licensed serving all of Ontario.

This is not an ordinary Mortgage operation, but then Elfie isn’t your ordinary Mortgage Agent! She has created “The Durham Mortgage Solutions Team” to help you whether
you have bad credit or good, need Investment or Commercial financing, are starting a business or wish to grow one.

It’s a simple philosophy. “We give people what they need, never judging their situation, let them save time with state-of-the-art technology to deliver it and treat every customer like they’re the only one,” notes Elfie. This business model has increased her business by 100% during one of the deepest recessions on record, so Elfie knows it’s working!

Elfie has been seen on the CTV National News, Rogers TV, published in RENO & Décor Magazine and profiled in Canadian Mortgage Professional Magazine.

Elfie Hayes FSCO Lic M08001377

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