12% Interest Only - 1 Year Term 13% Interest Only - 2 Year Term Lender Fee Based on Credit
Income
No Verification Required
Credit
No Credit of Min Beacon 480
Property
Owner Occupied / Investment
Loan to Value
85% Single Family 80% Condo Apartments
Lending Area
Toronto, Richmond HIll, Aurora, Newmarket, Markham, Vaughan, Pickering, Mississauga, Oakville, Burlington, Whitby, Ajax, Oshawa, Brampton Other Locations: Case by Case
Appraisal
Fimax Approved List
Credit (Beacon)
Lender Fee*
620+
3.0% (1 year) 3.25% (2 year)
580 - 619
3.5% (1 year) 3.75% (2 year)
550 - 579
3.5% (1 year) 3.75% (2 year)
500- 549
4.0% (1 year) 4.25% (2 year)
480 - 499
4.5% (1 year) 4.75% (2 year)
* Fees and terms are subject to change. * Minimum lender fee: ($995 - 1 year term $1,495 - 2 year term) applied. * Rate adjust: + 0.25% lender fee for investment property.
