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RATES GUIDELINES
1, 2, 4 Year Fixed/Closed Pre-approvals available Commitment Period: 120 days Amortization: 16-35 years available Loan to Value (LTV): 95% Maximum Prepayment Privilege: 20% / 20% Minimum Beacon Score: 600 Minimum $50,000 mortgage amount Default Insurance Provider: CMHC Owner Occupied and Rental Refinancing available Payment frequency: weekly, bi-weekly, semi-monthly, monthly Portable / assumable upon qualification
3-Year Fixed/Closed Prequalification* available Commitment Period: Purchase - 120 days;Refinancing - 90 days Amortization: 15-35 years available Loan to Value (LTV): 95% Maximum Prepayment Privilege: 20% / 20% Minimum Beacon Score: 600 Minimum $50,000 mortgage amount Default Insurance Providers: CMHC & AIG Owner Occupied and Rental Refinancing available Payment frequency: bi-weekly, monthly Portable upon qualification
5-Year Fixed/Closed Prequalification* available Commitment Period: 90 days Amortization: 18-35 years available Loan to Value (LTV): 95% Maximum Prepayment Privilege: 15% / 15% Minimum Beacon Score: 680 Minimum $60,000 mortgage amount Default Insurance Providers: CMHC & Genworth Financial Owner Occupied Only/Principal Residence only Refinancing available Payment frequency: weekly, bi-weekly, monthly Portable/assumable upon qualification 5-Year Variable/Closed
Prequalification* available Commitment Period: 90 days Amortization: 18-35 years available Loan to Value (LTV): 95% Maximum Prepayment Privilege: 15% / 15% Minimum Beacon Score: 680 Minimum $60,000 mortgage amount Default Insurance Providers: CMHC & Genworth Financial Owner Occupied Only/Principal Residence only Refinancing available Payment frequency: bi-weekly, monthly Portable/assumable upon qualification
These are general guidelines only. Each mortgage is unique and must be reviewed by a mortgage coordinator to determine eligibility. Our mortgage coordinators will work with clients to find them the best rate available for their specificsituation. *Rate hold and commitment upon approval of the client |
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