Rates

Loan Examples


Second Mortgage
Cash Advance Monthly Payments
$10,000 eg. 1 $98.00
$25,000 eg. 2 $220.00
$50,000 eg. 3 $422.00

Based on second mortgage rate of 8.75%
See below for Amortization/APR/Term/Cost of Credit

First Mortgage
Cash Advance Monthly Payments
$100,000 eg. 4 $573.00
$150,000 eg. 5 $857.00
$250,000 eg. 6 $1,423.00

Based on first mortgage rate of 6.00%
See below for Amortization/APR/Term/Cost of Credit

Important Disclosure of Examples Shown.

The examples above are for discussion purposes only. Interest rates on our loans are subject to change and may vary depending on the state / condition of the equity you have in real estate, your personal financial situation and changes in the Canadian mortgage market. The examples above are based on (i) monthly payments in which there is no amortization (mortgages may be amortized at the borrower’s request) and (ii) 2 year terms. In the examples above, the “Cash Advance” represents a net amount received by the borrower. The Gross Mortgage Amount / Cost of Credit / Annual Percentage Rate of the examples above are $13,360 / $5,698 / 21.33% (eg. 1), $30,165 / $10,444 / 17.31% (eg. 2), $57,790 / $17,903 / 15.49% (eg. 3), $114,290 / $28,003 / 12.25% (eg. 4), $170,790 / $41,282 / 12.09% (eg. 5) and $283,790 / $67,840 / 11.95% (eg. 6). The variance between the Gross Mortgage Amount and the Cash Advance (being the proceeds received by or applied to the benefits of the borrower) represents the applicable costs and fees (brokerage, discount, legal and application) to be charged by the lender for processing & arranging the loan. Additional or lesser fees may apply which would increase or decrease the Gross Mortgage Amount / Cost of Credit / APR.

Client Testimonials

Do you refer good service to a friend? 90% of our customers do:

  • “Great service and the mortgage was approved within a hour.”
    Leslie V. ~ Edmonton, AB
  • “Thank you very much for looking after me so well and helping me with it. I was very please with the service I received and gladly recommend to anyone even on the phone. I got a better answer than I got from the bank in person, thank you again.”
    Sigrid W. ~ Kamloops, BC