| Loan to Value |
- Generally up to 80% LTV on good properties.
- Homes valued over $1mln - 65%
- Rural areas - 65%
|
| First Mortgages |
- 7.50% - 9.5% interest rate
- Generally 1.5% - 2.00% lender fee
|
| Second Mortgages |
- 12.00% - 15.00% interest rate
- Generally 2.00% - 3.00% lender fee (min fee $1,250)
|
| Term |
|
| Amortization |
- Up to 35 year amortization or interest only
|
| Property Types |
- Single Family Homes (multi-unit considered as an exception)
|
| Types of Deals |
- Purchase
- Refinance
- Debt Consolidation
- Construction Financing
- Bridge Financing
|
| Lending Area |
- Greater Toronto Area
- Also interested in properties located:
- btw Barrie and Niagara Falls
- btw Kitchener and Oshawa
|
| Deal Submissions |
When sending deals please submit:
- Mortgage Application
- Recent credit bureau
- Notes
|
| We Offer |
- Excellent Service
- Fast Turn-around time
|
