Rates effective November 1, 2024

We've lowered our Rates!

Now offering financing on Rentals!

BRITISH COLUMBIA

Lending on Single Family, Semi-detached, Condos, Townhouses, Mobiles on pad and on own land AND RENTAL PROPERTIES!

1st MORTGAGES	Up to 60% LTV	Up to 65% LTV	Up to 70% LTV	Up to 75% LTV
Pop. 7,000+		8.69%*	8.99%*	9.25%*
Pop. 5,000 - 6,999		9.39%*	10.20%*
Pop 2,500 - 4,999	10.40%*	exception

ALBERTA

Lending on Single Family, Semi-detached, Condos, Townhouses, doublewide mobiles on own land AND RENTAL PROPERTIES!

1st MORTGAGES	Up to 60% LTV	Up to 65% LTV	Up to 70% LTV	Up to 75% LTV
Pop. 7,000+		8.69%*	8.99%*	9.25%*
Pop. 5,000 - 6,999		9.39%*	10.20%*
Pop 2,500 - 4,999	10.40%*	exception

DISCRETIONARY RATE ADJUSTMENTS

Situation	Adjustments
2nd MORTGAGES	add 2.00% to all rates
Rental properties	SAME AS OWNER OCCUPIED
Single wide mobiles on land (BC ONLY)	Add .70% to all rates

FEES

Type	Fee
Our broker fee	1.55% (minimum $900)
Application Fee	$270.00
Early payout	3 months interest
Renewal fee	VARIES
Broker’s fee	We collect your fee for you
1 year open available	Additional 100bps interest bonus, paid at closing

MOBILE HOMES ON PAD (BC ONLY)

	SINGLE WIDE MOBILES	DOUBLE WIDE MOBILES
Criteria	Detail	Detail
Minimum loan amount	$25,000	$50,000
Maximum loan amount	Case by Case	Case by Case
Purchases	60% LTV (65% exception)	65% LTV
Equity Take Out	50% LTV	55% LTV
Rates	10.65%* Purchases 11.50% ETO	9.95%* Purchases 10.75% ETO
Term	1 year open	1 year open
Amortization	up to 25 years	25 years
Qualifying Mobile Home	Must be less than 20 years old OR substantially renovated.	Must be less than 20 years old OR substantially renovated.