First Mortgages
Up to 65% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 9.94% | 0% |
| Flexibility 1 | 8.94% | 1% |
| Flexibility 2 | 9.44% | 0.50% |
66% to 70% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 10.19% | 0% |
| Flexibility 1 | 9.19% | 1% |
| Flexibility 2 | 9.69% | 0.50% |
71% to 75% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 10.69% | 0% |
| Flexibility 1 | 9.69% | 1% |
| Flexibility 2 | 10.19% | 0.50% |
Subject to change without notice.
DISCLAIMER:
*Denotes the base rate and could increase depending on deal specifics. Flexibility Pricing offers additional rate & fee options not shown.
Need to Know
First Mortgages
- 75% Max LTV – Owner occupied SFD/Duplexes/Townhomes
- 70% Max LTV – Rental SFD/Duplexes/Townhomes
- 70% Max LTV – Condos (75% by exception)
- Max value at 75% is $2,000,000
- High-end scale applies
- No minimum beacon
- No set GDS/TDS
- Show us a reasonable ability to pay
Terms and Conditions
- ONE YEAR TERM – OPEN upon payment of 60 days interest
- TWO-YEAR TERM – First year closed (three-month interest pre-payment), second year FULLY OPEN. 0.25% rate premium.
- PAYMENT – Interest Only or P/I Amortized available
- RENEWALS – No Renewal Fee on 1st renewal if paid as agreed and value has not declined. Appraisal may be required. Rate increase may apply.
- APPRAISALS – Fisgard’s appraiser’s list, RPS, NAS, or Value Connect
- CREDIT BUREAUS – Equifax or TransUnion accepted
- RATE SURCHARGES – Rental/holdco properties, high value, poor credit, two year terms
- BROKER FEE – Tell us what your fee is! We’ll include it in our commitment, disclose it appropriately and pay you on funding
Second Mortgages
Up to 65% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 11.99% | 1% |
| Flexibility | 10.99% | 2% |
66% to 75% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 12.99% | 1% |
| Flexibility | 11.99% | 2% |
Need to Know
Second Mortgages
- Interest only or amortized payments (35 year amortization max)
- Min ERS score 580 for at least one applicant (exceptions may be considered at lower LTVs)
- Excluded: Land, land development, rentals, commercial & construction
- ONE YEAR TERM – Fully open (no min interest payable)
- TWO YEAR TERM – 0.25% added to rate, first year closed (3 month interest pre-payment charge)
- Second year fully open
- Renewal option available
Terms and Conditions
- Max 75% LTV
- Single family homes, townhouses and duplexes (Owner Occupied only)
- Max 65% LTV – Condos (case by case basis)
- Urban centres only in BC, Alberta & Ontario (in Alberta, Edmonton, Calgary & Red Deer only)
- Purchase or refinance
- Max first mortgage amount $1,000,000
- Min equity $150,000
- Min loan amount $100,000
- Max loan amount $500,000
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