Leon needs to refinance his investment property to consolidate his debt  

Leon has been a full-time food and beverage manager at a restaurant for eight years, making a $50K salary. He owns a condo close to his work in Ajax and a one-bedroom rental property that he purchased as an investment. 

Unfortunately, COVID-19 caused an interruption in Leon’s income, so he asked his broker for help with refinancing his rental property to consolidate debt. He told his broker that he has a $50K HELOC on his principal residence that could be used if needed. Leon’s broker informed the underwriter his income disruption was temporary (for April and May) as he has been working full-time since the restaurant patio reopened in June.

Home Trust offered Leon a Classic refinance to consolidate all his debts into one easy payment, keeping him in a strong financial position.

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