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 MORTGAGES IN URBAN AREAS
|LTV||Starting Rate||Lender Fee*|
|Less than 50%||6.25%||1.75%|
|50% to 60%||6.99%||1.75%|
|60% to 65%||7.99%||1.75%|
Minimum fee $1,500.
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