First Mortgages
Up to 65% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 10.24% | 0 |
| Flexibility 1 | 9.24% | 1% |
| Flexibility 2 | 9.74% | 0.50% |
66% to 70% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 10.49% | 0% |
| Flexibility 1 | 9.49% | 1% |
| Flexibility 2 | 9.99% | 0.50% |
71% to 75% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 10.99% | 0% |
| Flexibility 1 | 9.99% | 1% |
| Flexibility 2 | 10.49% | 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 $1,250,000
- 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.
- PAYMENTS – 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
This product is currently on hold
Up to 65% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 12.49% | 0% |
| Flexibility 1 | 11.49% | 1% |
| Flexibility 2 | 11.99% | 0.50% |
66% to 70% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 12.99% | 0% |
| Flexibility 1 | 11.99% | 1% |
| Flexibility 2 | 12.49% | 0.50% |
71% to 75% LTV
| Pricing Option | Rate* | Lender Fee |
|---|---|---|
| Simplicity | 13.99% | 0 |
| Flexibility 1 | 12.99% | 1% |
| Flexibility 2 | 13.49% | 0.50% |
Need to Know
Second Mortgages
- 75% Max LTV – SFD/Duplexes/Townhomes
- 70% Max LTV – Condos (75% by exception)
- 1st mortgage not to exceed $750,000 (exceptions available)
- Minimum mortgage amount $50,000
- No minimum beacon
- 2nd mortgage behind the balance, not the registered amount of a collateral charge!
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.
- PAYMENTS – 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, out of country borrowers, two year terms
- BROKER FREE – Tell us what your fee is! We’ll include it in our commitment, disclose it appropriately and pay you on funding
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