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Residential Mortgage Lending

Maximum Loan To Value

80%

Mortgage type

1st and 2nd mortgages

Term

3 – 24 months

Amortization

Interest only (for terms longer than 1 year, amortization of principal is available)

Prepayment privileges

Yes

Mortgage rate

1st mortgages: 6%-8%
2nd mortgage 10%-13%

Property location

All municipalities in Southern Ontario

Minimum credit score

No minimum credit score

Broker Fee

Competitive rates

New Build Residential Condominium

Type: 1st Mortgage
Interest Rate: 10%
LTV: 62%
Term: 3 months

A short term mortgage loan given to a non-resident to finance the closing of a condominium purchase

High Quality Home in Vaughan, Ontario

Type: 2nd Mortgage
Interest Rate: 12%
LTV: 80%
Term: 1 year

A 2nd mortgage on high quality home in Vaughan

Contact Us

Find out more about our financing solutions.

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