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4 Pillars
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How we were able to assist a mortgage broker “Close the Deal”

By Ryan Brown

Ryan Brown Picture


A married couple from Huntsville were referred to our office several months ago. They were on a fixed pension income and had gone to a mortgage broker to see if they could consolidate their $82,000 credit card debt into a new mortgage.

Due to the loan to value rules, the mortgage broker was only able to get $34,000 out of the couple’s home equity. However, the mortgage broker understood how 4 Pillars can help restructure debt on behalf of the client and saw the opportunity to work with our office. They knew that together, we could assist the client in becoming more financially secure, and help them create a client for life. Upon reviewing all options with the couple, we agreed that structuring a lump sum proposal to the creditors was the best option; offering the $34,000 of home equity to solve the entire $82,000.

The creditors agreed to, and accepted the proposal. This saved our clients $48,000.00 (not including all the interest they would have paid!) while also greatly improving their monthly cash flow. The mortgage broker is very happy and has now won a client for life, the clients are extremely happy, and 4 Pillars Consulting Group of Muskoka and Parry-Sound has been able to assist yet another family in Huntsville, Ontario with their quest to become debt free!


4 Pillars Consulting Group is a Canadian owned & operated company and does not provide debt solutions outside of Canada. This post was created by the Muskoka / Parry Sound 4 Pillars office located at 109-B Kimberley Avenue, Bracebridge ON. P1L 1Z8 – 705-640-0187

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