Brenda is looking to get back on track after an income disruption  

Brenda has been running a daycare centre out of her home for eight years, with a stated annual net income of $48K. She has a strong repayment history, but unfortunately, her income was interrupted by the outbreak of COVID-19.

Brenda’s broker asked the right questions and discovered that her husband is working full time in a grocery warehouse and together they need $3,000 per month to keep up with payments. Her broker provided additional details in the application about Brenda’s business, including the fact she has been able to develop a loyal clientele. The majority of her clients already reached out to arrange their childcare plans, which will begin soon as the province has entered Stage 3.

Home Trust offered Brenda a one-charge solution, a Classic refinance with an Equityline® Visa, to consolidate her mortgage and provide emergency funds until she can fully resume her services.

Are you a Home Trust broker? Submit a deal or talk to your Business Development Manager to learn more.