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1st Mortgages

LTV	Rate	Fee
65%	9.95%	2%
65-75%	11.95%	3%
Limited funds available. ***75-80%	13.95%	4%

OUR FORTE FIRST AND FOREMOST ARE 2ND MORTGAGES!
2nd Mortgages

LTV	Rate	Fee
55%	9.95%	5%
55-60%	10.95%	5%
60-65%	11.95%	6%
65-70%	12.95%	6%
70-75%	13.95%	8%
75-80%	14.95%	8%
Limited funds available. ***80-85%	15.95%	10%

Minimum fee: $2,500 on 1st mortgage and $1,500 on 2nd mortgages

Minimum equity requirements: $35,000 for 1st mortgages and $50,000 for 2nd mortgages

In general, add 2-3% to rate/fee if any of the following:

• Current or recent arrears on mortgage/foreclosure, property tax, condo fee, paying out existing private or paying out proposal/bankruptcy
• Credit score below 500 and/or extremely poor credit
• The property is located more than 30min/50km outside of a major city or in a town with less than 10K population (LTV may be reduced)
• The funds will be used to do renovations (holdback TBV)
• The property is a condo apartment, recreational property, acreage, mobile home, or commercial
• The property is in below average condition
• The property is a rental that does not cash flow and/or have non-verifiable/non-conforming rental income
• The 1st mortgage is a private lender
• Open mortgage fee (+1.5% for 1^st mortgages and +2.5% for 2^nd mortgages)

Review additional guidelines here: GUIDELINES!