Equity Lending For Residential Mortgages+

Urban Centers:LTV's:Rates:Commitment Fees:
First MortgageUp to 65%4.99% +2.50% +
First MortgageUp to 80%7.89% +2.50% +
Second MortgageUp to 80%9.99% +3.00% +
Secondary Communities & Extended Areas:LTV's:Rates:Commitment Fees:
First MortgageUp to 65%6.99% +2.00% +
Second MortgageUp to 80%9.99% +3.00% +
Property EligibilitySingle family attached/ detached, Townhouse freehold, Apartment condo, cottage (Island too),Multi-Family, Mixed Use, Student rentals/rooming houses, Hobby farm, Modular home, Construction loan/home improvement loan, Rural/acreage (well/septic) waterfront & building lots, Most specialty
IncomeSelf-declared income accepted, Job letter/pay stubs may be required
GDS/TDSNot applicable
Beacon ScoreNot applicable (used for pricing only)
Credit HistoryR9, judgment, collection and repo's accepted
BankruptcyYes – (no waiting period) Proposal and counseling (no problem) Does not have to be discharged.
Terms6 Months, 1 Year, 18 months*
AmortizationYes / No (Interest only)
Re-paymentMonthly
Property Tax ArrearsAccepted
Mortgage Arrears and Power of SaleAccepted

Geographic Lending Areas: GTA & South Ontario

*Each Mortgage Application is a specific deal. If you have any questions, we are more than happy to answer them!