100% FINANCING

PRE-CONSTRUCTION

HOMES & CONDOS

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WHAT IS IT?

  • A First Mortgage that is based on the current Appraised Value of a Pre-Construction Condo or Home, rather than the lower Original Purchase Price

  • Applies to Rentals and Owner-Occupied Properties

  • 100% of Realtor's Commission Income utilized for Approval

  • Rates Start at 2.59% Fixed Rate

 

WHY THIS MORTGAGE IS AMAZING:

  • No other Chartered Bank will lend on the Appraised Value

  • No CMHC Insurance Fees

  • Mortgage allows buyer to be REPAID for all or part of their Deposit

  • NO Personal Tax Information or Financial Statements Required

  • NO Notice of Assessments or T1-Generals Required

  • 100% of Rental Income Used to Qualify

 

FEES & RATES:

  • Owner Occupied/Rentals: from 2.59% Fixed APR**

  • Terms: 1-5 Years, 30-Year Amortization, up to 80% Loan to Value

  • Mortgage Amount capped at Purchase Price

  • Purchase Date must be a minimum of 12 Months before Closing Date.

  • Lender & Brokerage Fee: 1.5% of Mortgage Amount

  • All Closing Costs and Fees can be deducted from new mortgage.

** Mortgage Rates may change at any time without notice.

Do You Qualify for
100% Financing?