Mortgage Outlook

May we answer your questions about the following mortgage programs?

2012-03-20T13:23:00.002-04:00

May we answer your questions about the following mortgage programs?
- stated income program
- rental program
- cash back for down payment program
- equity program
- net worth program
- non-resident lending program
- new immigrant program
- HELOC (Home Equity Line Of Credit)

Bank offers equity lending

2012-01-11T13:23:00.002-04:00

Mortgage amount up to 70% loan to value

- Income and job tenure verification are waived
- Minimum 520 Beacon score
- Established credit required
(bankruptcy/consumer proposal accepted)
- Second mortgage to 90% is allowed
- No gifted down payment
- Owner occupied only

Mortgage approval is subject to lender credit criteria.

We find you COMMERCIAL MORTGAGES for investment properties

2011-03-23T13:23:00.002-04:00

- commercial retail, office and industrial condominiums
- mixed-use (storefront)
- warehouse and manufacturing buildings
- restaurants and nightclubs
- gas stations
- rooming houses
- purpose built student housing projects

Department of Finance Announced New Changes Affecting Mortgage Insurance

2011-02-04T13:23:00.002-04:00

3 NEW RULES:

1. Maximum Amortization for high-ratio loans has been reduced to 30 years from 35 years (effective on March 18, 2011).
2. Maximum Loan to Value (LTV) for refinances has been reduced to 85% from 90% (effective on March 18, 2011).
3. Elimination of government backing of insurance for Home Equity Lines of Credit (effective on April 18, 2011).

Deep Discount!!!!!!

2010-09-01T13:23:00.002-04:00

Variable Rate Mortgage
0.7% off PRIME RATE
Fixed Rate Mortgage
1.7% off POSTED RATE
Some conditions and limited commitment period may apply. Please call us for further details on above offers.

Rental Property Mortgages

2010-06-09T13:23:00.002-04:00

- small rentals with maximum 4 units -
5% Down Payment
* Owner Occupied
High Ratio (Insured) Mortgage 15% Down Payment
* Non-Owner Occupied
Lender fees and special pricing apply
5% down payment for owner occupied properties will include basement rentals. Approval is subject to GE/CMHC qualifying criteria.
Alternative lending 15% down payment for non-owner occupied properties. Product features are as the following:
1-Year or 2-Year Term Mortgage at Posted Rates + 2%
Amortization period up to 35 years
Lender fees required
Rental income must be 20% greater than payments of PIT + condo fees (if any).
100% rental offset
Property type: non-owner occupied condos, single family, duplex, triplex and fourplex
Lending area: GTA, Barrie, Cambridge, Guelph, Kitchen, London, Waterloo, Bolton & Ancaster

New Federal Budget Housing Announcements

2009-03-11T13:23:00.002-04:00

<<<<<<<>>>>>>>

· A new first time home buyers credit for closing costs that will provide up to $750 in tax relief

· Change in home buyers RSP plan, withdrawal limit increased to $25,000 from the current $20,000

<<<<<<<>>>>>>>
· Temporary home renovations tax credit, up to $1,350 for eligible home renovations and alterations

Federal Budget Announcements
www.budget.gc.ca/2009

Home Renovation Tax Credit
www.cra-arc.gc.ca and www.fin.gc.ca

An Ideal 2nd Mortgage

2008-10-20T17:49:00.011-04:00

An ideal 2nd mortgage - Home Equity Line Visa

* Fully open line of credit

* Access to Visa card and cheques

* No annual fee

* Monthly payment can be as low as 1% of balance

* Credit line limit up to 85% appraised value

* Interest rate at Prime plus

* self declared income (no tax returns or NOA’s)

* Derogatory credit requires satisfactory explanation

>> 1st mortgage must be institutional & up to date <<

The Best Variable Rate Mortgage

2008-05-19T23:06:00.011-04:00

Choose from 3 attractive introductory rates

3.75% first 12 months
or
3% first 6 months
or
2.24% first 3 months

Open after 3 years

Best discount rate guarantee at conversion

* Rates are quoted based on Prime @4.75%

Prime Rate is Down

2008-04-03T13:39:00.002-04:00

Discount of your choice on Variable Rate Mortgage

2.74% (First 3 months Prime–2.51%)
or
3.50% (First 6 months Prime–1.75%)
or
4.25% (First 12 months Prime – 1%)

* Current Prime Rate is 5.25%

This 5 year closed term Variable Rate Mortgage is convertible to closed term Fixed Rate Mortgage at no cost with time elapsed equal or greater. At conversion customer will receive the best published discount rate offered by same lender.

Mortgage Rate Discounts

2007-09-01T21:48:00.000-04:00

6 Month Closed Posted Rate minus 0.50%
1 Year Closed Posted Rate minus 1.10%
2 Year Closed Posted Rate minus 1.25%
3 Year Closed Posted Rate minus 1.35%
4 Year Closed Posted Rate minus 1.40%
5 Year Closed Posted Rate minus 1.50%
7 Year Closed Posted Rate minus 1.60%
10 Year Closed Posted Rate minus 1.60%

Rate Guarantee Up To 120 Days

Variable Rate Closed Prime minus 0.9%
Variable Rate Open Prime minus 0.25%

Lowest Mortgage Payments (40 Years Amortization)

Commercial Mortgage Is As Easy As 1 2 3

2007-06-17T10:09:00.000-04:00

Commercial Mortgage is as easy as 1 2 3

*1 10% down (full documentation)

*2 15% down (stated income & asset)

*3 30 years amortization

*Individuals or Corporations lending

*Flexibility with Interest Rates and Terms Options

*Self-Declared Income Accepted

*No T4's or Tax Returns required

*Low Beacon Scores or Imperfect Credit

*Environmental Insurance Coverage

*US Residents may apply

*Appraisal Rebate up to $1,500 (limited time offer)

No mortgage insurance required on 80% LTV

2007-05-21T21:58:00.001-04:00

Conventional Mortgage Financing is now 80% Loan-to-Value !!!

New Federal Legislation requirement for mortgage insurance has changed, an increase of maximum loan-to-value from 75% to 80%.

No CMHC or Genworth mortgage insurance premium is required with a down payment of 20% or greater.

100% Homebuyer Mortgage

2007-02-13T23:51:00.000-05:00

100% Homebuyer Mortgage

No Down Payment is Required

Mortgage financing offer up to 100% of the value of properties through Mortgage Insurance Programs:

* CMHC’s Flex Program
* Genworth’s Homebuyer 100

Please call us for the specific requirements to qualify for 100% financing ……

Equityline Visa

2006-11-11T23:09:00.001-05:00

Use the equity in your home to lower your monthly payments
and save with the new Equityline VISA!

You have worked hard to build the equity you have in your home. Despite this, you may have experienced the frustration of being unable to get the credit you need, even from your own bank. Here is an alternative.

Equityline VISA – the only credit you may ever need. Equityline VISA is a unique product that combines the freedom of a fully open line of credit, the convenience of VISA, and all the benefits of a Gold card. You can use the equity in your home to secure a revolving line of credit of up to $250,000 without making any changes to your existing mortgage.

Save with low interest, a low minimum monthly payment and no annual fee Equityline VISA is ideal for homeowners looking to save money by consolidating higher-interest debts into one lower-interest line of credit. With an interest rate of 8.99%, 9.99% or 11.99%, your savings could add up fast! And with a minimum monthly payment of just 1%, 1.25% or 1.5% of your balance, compared to 3% on most credit cards, you could be more than doubling your cash flow every month. All with no annual fee.

Get credit you control. Whether you want credit to make home improvements, buy a car, support a child’s education, take a vacation – even to manage everyday or unexpected expenses – the Equityline VISA gives you access to the funds you need, whenever you need them, up to your available credit limit. Just use your VISA card for purchases, get cash at any ATM displaying the VISA logo, or write a convenience cheque. You’ll only pay interest on the credit you use, and you can make payments on the card anytime, without penalties.

So give yourself some credit for the equity in your home. Call us today to see how the Equityline VISA can work for you.

30 & 35 Year Amortizations

2006-10-04T00:35:00.000-04:00

30 & 35 Year Amortizations are now available on most CMHC & Genworth insured mortgages as well as the conventional mortgages.

* lower mortgage payments
* flexibility to meet financial goals
* desirable mortgage loan amount
* affordability for lump sum payments
* equity take out
* increase cash flow

An Easy & Fast Commercial Mortgage Financing

2006-09-14T13:05:00.000-04:00

Are you a small business owner and are looking for an easy and fast financing commercial property: storefront, industrial/warehouse, multi-family units, motel, rooming house, bed & breakfast, office, retail, funeral home, restaurant or automotive facilities………
and you just cannot get the service you need from the banks?

Please call us for the innovative and creative commercial mortgage programs offered by alternative commercial mortgage lenders.

The Flex Down Payment Mortgage Program

2006-07-19T00:19:00.000-04:00

The Flex Down Payment Mortgage Program

Individuals who have a proven record to be able to manage their debt
effectively and are making a good income but have not been able to save
for their down payment.

The Flex Down Mortgage Program allows the borrowers more sources to
obtain their minimum 5% down payment. Eligible sources of down payment
can be:

* lender cash back incentives
* personal loans, lines of credit or credit cards
* gifts or grants from any party that is arm's length

Good credit history with a qualified Beacon Score is required.

Insurance mortgage premium is 3.4%

Storefront/Apartment Mortgage Financing

2006-07-19T00:12:00.000-04:00

Storefront/Apartment Mortgage

for new property purchase or refinance

Property types:

· MLS purchases only

· Marketable property

· MUST have a residential component

· Minimum down payment 15% on new purchase

· Minimum equity 10% on refinance

Lenders offer their best 3 & 5 Year Term Mortgage Rates based on down payment of 15%, 25%, 30% or 35%.

Lenders will consider mortgage applications based on new purchase, refinance, owner occupied or investor and loan-to-value to compensate for risk.

Some lenders may not require environmental or building reports.

20 years maximum amortization

2nd Mortgage Financing

2006-07-19T00:08:00.000-04:00

2nd Mortgages Financing:

Up to 100% loan to value* for new purchase.

Up to 90% loan to value* for discharged bankrupts.

Up to 85% loan to value* bundled with 1st mortgage for purchase or refinance at one great Bundle Rate.

(2nd mortgage is fully open.)

* appraised value

Approval of Final loan to value % will be determined by product type and customer profile as per each lending policy.

2nd commercial mortgages financing is also available with private lenders.

Are you looking for a discount of 1% or greater for your mortgage?

2006-06-15T15:32:00.000-04:00

5 year fixed term 1.5% off Posted Rate

7 year fixed term 1.65% off Posted Rate

10 year fixed term 1.5% off Posted Rate

5 year variable rate closed term up to 2 % off Prime (in first 6 months)

5 year variable rate closed term up to 0.90 % off Prime (in 5 years)