First Mortgages
| LTV | SIMPLICITY | |
|---|---|---|
| RATE | LENDER FEE | |
| Up to 75% | 8.49% | 0% |
| LTV | FLEXIBILITY | |
| RATE | LENDER FEE | |
| Up to 75% | 7.49% | 1% |
| Up to 75% | 6.49% | 2% |
Subject to change without notice.
DISCLAIMER:
*20bps reduction on Simplicity rate illustrated
*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
- 60% Max LTV – Condos
- High-end scale applies
- No minimum beacon
- Not 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
Let’s Work Together
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