To build a stronger partnership and to better serve your clients’ lending needs, we fully disclose all our rates and terms for each province.
1ST MORTGAGE SPECIAL IN URBAN AREAS
| LTV | Rate | Fee |
|---|---|---|
| 1st less than 50% | 4.75% | 1.25% |
| 1st 50% to 65% | 5.75% | 1.75% |
| 2nd less than 60% | 6.75% | 1.75% |
Major Urban Centers (British Columbia)
** Must close by March 31st
** +.50% for rentals
Important Notes & Conditions:
- Renewals: 1% fee with a minimum $350 and a maximum of $1500
- Open period on fixed terms: All fixed terms have a 30-day open period before maturity
- Penalties: 3-months interest
- Partial Interest (min 50% ownership): We will do partial interest mortgages in BC
- Deal size: Min $25,000
- 2nd behind CHIP: Up to 65% in major urban areas