Alberta mortgage solutions
Special offer rates
NEW short-term alternative reverse mortgage up to 50% LTV - no age restriction!
| Term | Max. Amount | Rate | Fee |
|---|---|---|---|
| 1 Year | <50% $1M | 10.49% Fixed | 1.00% |
| 2 Year | <50% $1M | Prime + 3.79% | 1.50% |
* Rates subject to change
* Renewal at end of term into 1 year closed fixed rate mortgage
* Current Bank of Canada prime as of September 6, 2023 is 7.20%
Sequence Capital’s alternative reverse mortgage has the following unique features:
- No age restrictions – not the traditional reverse mortgage only for those over 55 years of age
- Lower penalties than traditional reverse mortgages – 3 months interest penalty
- Available for a 1 and 2 year terms
- 1 year term open 30 days prior to maturity, 2 year term open in the 13th and 24th months
- Major urban centers in the Ontario, British Columbia and Alberta
- SFD and Condo’s for owner occupied and rental
- Min Beacon Score 620
- Maximum mortgage size of $1,000,000
- Submit through Velocity, Finmo, Filogix and Lendesk
Contact your BDM today for information about this exciting new program!
NEW DSCR Rental Mortgage
Up to 75% LTV – No Maximum Rental Exposure!
Sequence Capital’s latest product offering has the following unique features:
- Easy qualifying using a debt service coverage ratio (DSCR) from a minimum of .75 to 1.00 (depending on property type)
- Qualifies on SUBJECT PROPERTY ONLY. All other properties and related costs/debts excluded from ratios – no maximum to units owned by client
- Property type: Single Family up to 4-plexes
- Available for 1, 2, 3, and 5 year terms, Purchases and Refinances
- Rental types include student housing and short-term rentals (including AirBNB)
- Major urban centres Ontario, British Columbia & Alberta and strong secondary markets
- Min Beacon Score 620
- Personal and Corp. ownership
- Amortized up to 40 years (interest only available)
- Minimum loan size of $200K, Maximum loan up to $2M
DSCR = 100% market rents/PITIA (Principle + Interest + Taxes + Insurance +Assoc./Condo fees)