Keeping Your Home, Buying the Next: How Alice and Bob Achieved Their Real Estate Dream

Planiprêt | 17 June 2025

Alice and Bob live in a lovely little cozy house in the Laurentians. While taking a walk on a beautiful Sunday, they discovered a house for sale hidden in the woods. The real estate agent was on site and showed them what became their dream home. The owners want to sell quickly, and they are ready to lower their price by nearly 10%, or $60,000 less than the listed $610,000. For this, the sale must be concluded quickly.

Alice and Bob think it's perfect for them because they don't want to sell their lovely little house. They would like to keep it and rent it out. Especially since it is almost paid off. They can therefore make a quick transaction.

They then asked a friend who works in the mortgage brokerage field for some advice, and she recommended a Planiprêt mortgage broker with whom their personalities would match well.

A single appointment was enough for Alice and Bob to have a complete financial picture of the transaction and to have all the details to make this beautiful and big decision.

The work of a mortgage broker is far from just finding the best rate; it is also about providing all the financial details related to a transaction such as Alice and Bob's, including:

  • Which financial institutions accept to finance a property that will be rented out?
  • What are the fees related to refinancing the small house for the down payment of the big house?
  • How much cash to give on the big house?
  • Could some debts be consolidated with the refinancing?
  • For the financing of the big house, fixed or variable rate?
  • Since there could be an office in the big house, multiple-slice mortgage or not?

Because it's not just about the rate, let Planiprêt orchestrate all the details of your mortgage loan.

The content of this publication is subject to exclusive copyright in favor of Planiprêt – Mortgage Brokerage Firm, which reserves all rights.

 

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