January 29, 2019

Oshawa residential mortgage success story

Oshawa residential mortgage success story

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Manzeel Patel

Manzeel Patel

Mortgage Broker, LIC M11002628, Level #2

Manzeel is an award-winning Mortgage Broker and the Owner of the Toronto-based mortgage, Everything Mortgages. With 16 years of experience in the Canadian mortgage industry and a formal background in mortgage underwriting, Manzeel’s lending expertise gives him unique insight into whether a deal is feasible which empowers his clients to make more informed lending decisions faster. He has been recognized as one of Canada’s Top 10 Mortgage Brokers by the national Canadian Mortgage Professionals (CMP) Association. Him and his team of 18 mortgage agents are proud to offer a mortgage experience that's built on honesty, trust, and integrity. He prides himself on the brokerage’s dedication to deliver an excellent client experience throughout the entire home loan process from pre-approval to post-funding. Since moving to Toronto in 1998, Manzeel has successfully launched and scaled several businesses from the ground up, ranging from a mortgage brokerage and a vast real estate investment portfolio to a private financing eCommerce platform. He continues to be a leader in the real estate industry as he uses his analytical expertise to seek new real estate investment opportunities. As a tech junkie and avid sports enthusiast, when Manzeel’s not working with clients, you can find him  reading technology blogs, playing squash or watching tennis with his two boys.

307-18 Wynford Drive,
North York ON, M3C 3S2

manzeel@everythingmortgages.ca

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CLIENT PROFILE

  • The client purchased a new property in Oshawa 2 years ago, where the client had been preapproved by his bank at the time.
  • The client was 48 hours away from closing with the bank
  • Mortgage required was 75% of the purchase price

PROBLEM

  • Due to stress test rule changes, the client was no longer qualifying
  • The client only had 48 hours to close his purchase

SOLUTION

Our team at Everything Mortgages was able to jump in and arrange an Emergency 48 hour closing on time, so the client did not incur any fees or penalties for delaying the closing.

We got the client a 1 year, 7.19% with 2.75% lender fee, and also have started helping the client prepare to refinance their mortgage with a bank before the one year term comes up for maturity.

Interesting

What to expect during the mortgage process? Part 1

Oshawa residential mortgage success story

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