Real People, Real Mortgages: Margot & George [Credit Solutions]

Embarking on the journey of homeownership is a profound chapter in one’s life, filled with dreams, decisions, and the pursuit of a place to call home. In this feature, we delve into the real-life narrative of Margot and George, a couple whose story echoes the experiences of many as they navigated the intricate world of mortgages, turning aspirations into the keys to their dream home.

get a free quote from cannect

George lost his job a month before Margot had their first baby. Turning to their bank, they were offered a lot of unsecured debt at high interest rates which they accepted in a panic. Over the next few months, with increasing living expenses for the baby, their credit began a downward spiral. When George finally returned to work, their credit was so low the same bank that had previously been so generous now wouldn’t even renew their mortgage.

When Margot & George came to MorCan Direct, they were desperate and on the verge of losing their house. We found them a short term home equity loan to consolidate all of their unsecured debts under one payment and a much lower rate than they had been paying. We also advocated on their behalf to the credit agencies, so that within less than 3 months they were able to refinance their home and role the home equity loan into a new mortgage. The best part of the story? The new mortgage had a better rate than what their bank initially declined them for.

Disclaimer: Some names and identifying details have been changed to protect the privacy of individuals.

Not ready to get a quote?

Sign up for the latest real estate market news and be in the know when you need to borrow.

You can unsubscribe at any time. Visit our privacy policy for all the details.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.