TWT Recently Funded $2.5M Mortgage
Income Debt Serviced $1M in lending, based on personal returns
Liquid 90 day rolling average of investment portfolio allowed us to top up mortgage to $2.5M
Home Appraised $4M
LTV 62.5% but could have been upwards of 72% based on sliding scale
Mortgage rate sub 2% on $1.5M mortgage.
$1M placed in LoC which was subsequently paid down to zero balance and then reinvested to make line of credit tax deductible
Client is aggressively paying down $1.5M Mortgage and funds will then allocate to LoC which will be used to increase investment portfolio until 100% of mortgage tax effective.