Client retired a few years ago and is living off pension income only. (OAS and CPP)

Home had a $30,000 balance owing and there were also balances owing on credit cards and line of credit.

Pension income was not enough to support the expenses. They were short about $350/month, therefore they had to use credit cards and dip into their personal line of credit to get by.

Mortgage approved, $30,000 outstanding mortgage was paid off, credit card and line of credit also paid off. Client no longer has a mortgage payment. Pension income is now enough for day to day expenses.