LTVs

First and Seconds

• 75% in major urban centres.
• Up to 75% on apartment-style condos.
• 65% on urban acreages
• 50-55% smaller market areas

Rates & Fees

• Start at 10.5% for Firsts and 12.5% Seconds
• Lender Fees- 2% on Firsts, 3% on Seconds (minimums apply based on loan amount – $1500, $2500, $3500 until 2 or 3% become greater);
• Broker Fees- You set! (Cannot exceed Lender fee)

Market Area

• Alberta
• British Columbia
• Saskatchewan – Only Firsts in Saskatoon and Regina
• Ontario – Major Urban Centres of South Ontario
• The United States
• Mexico

Standard Guidelines

• Terms standard are 1 year, can be longer if requested
• Amortization up to 30 years or interest only
• 3 months interest pre-payment penalty on closed mortgages
• Fully open terms available (rates & fees may be adjusted)
• Appraisal required on all deals. (CRA or AACI only) Caplink will also have their realtors’ opinion of value. Lesser of which will be used to qualify.
• All mortgages are renewable, with low renewal fees.

*Rates and fees are based on market area, property condition, borrower’s ability to pay and income verification (if any). Subject to change without notice