Divorced Dad of 3 Kids Making a Fresh Start
Jeff is coming off of rough divorce and is trying to pick up the pieces. He has three kids, all over 16 and has recently started a new life with Amy. They are looking to start fresh with a new property that the couple can call their own. Since Jeff’s divorce impacted his credit, he is unable to qualify for a mortgage today. Jeff saved up $15,000 for a down payment and found a great starter home near Brockville for $325,000. The couple recognizes that prices like this will soon be a thing of the past in Southern Ontario and are highly motivated to make this home their own.
The combined annual household income is $87,500. Jeff works full-time for Shopify. He has been with the company since 2019 as a Support Advisor. He earns $42,500 annually. Amy works for Metro as a cashier. He has been with the company since 2017 and earns $25,000 annually. Jeff does have an investment property that brings in close to $20,000 a year.
Jeff’s score is sitting at 500 which means he has some work to do on his credit. He is starting by clearing off collection items which were a result of his divorce. Outside of that, he has a small car loan that he is paying faithfully. Amy has a score of 600. She needs time to establish credit. During their three-year RTO term, Jeff and Amy will be working with a Clover Properties-approved mortgage professional to help them get mortgage-ready by 2024.
Jeff and Amy found a great property with strong bones just outside of the Brockville area in the town of Delta. Delta is a community in the Leeds and Grenville County. This well-maintained property has 3-bedrooms, 2 baths and has been updated from floor to floor including new kitchen, windows, steel roof, flooring and newer furnace. Located in-town, the property is close to amenities, schools and parks. From this property, Brockville and Highway 401 is just 30 minutes away. Also located between two lakes, Upper and Lower Beverley, the town of Delta is conveniently located on Highway 42, which is a direct run towards the 401.
If you can qualify for a $260,000 mortgage (based on a 20% down payment), and would like to earn about $837+ in monthly cashflow to help Jeff and Amy Rent to Own, please call or text Rachel at 416-450-1940.