A young client was moving to Vancouver for a new promotion. The client had good credit and solid income with his new job. He was however missing a down payment to get into his first home. He asked his parents for help with the down-payment but they too did not have any available funds on hand. After we reviewed the parents financial position, we realized they did however have a lot of equity in their home they had owned for 12 years. We did a refinance of their mortgage to take out 35,000 in equity to gift to their son to use as a down-payment. While doing this mortgage increase, we were also able to keep their payments the same as they previously were so they were not increasing their monthly mortgage payment. Both the client and Mom and Dad were ecstatic to get the Vancouver condo purchase completed.