Sharon was going through a divorce and adding to what is already a stressful event, was the need to refinance the mortgage in order to take over the matrimonial home. She hoped that by refinancing she could arrange a more manageable monthly payment and also pay off some additional high-interest debt. She knew that it would be a challenge for her to qualify for the mortgage on her own but it was important to her to raise her two young children in her own home.

After speaking with her broker, she was encouraged to learn that because her property was located in an up and coming area, the property’s value was greater than she expected. Sharon’s broker also advised that by accepting her mother’s offer to sign as a guarantor, her application would have a much better chance of being approved.

Because Sharon’s broker was sure to include these additional details, Home Trust’s underwriting team had her complete story. Taking into consideration her income, the increased property valuation and the guarantor, Home Trust was able to approve her mortgage application.