Matrix Money 2

PRODUCTS	RATE	COMMITEMENT FEE
MONEY 65
1 Year	5.24%	3.00%
2 Year	5.14%	3.00%

PRODUCTS

RATE

COMMITEMENT FEE

MONEY 65

1 Year

5.24%

3.00%

2 Year

5.14%

3.00%

MONEY 75
1 Year	5.99%	3.00%
2 Year	5.89%	3.00%

MONEY 75

1 Year

5.99%

3.00%

2 Year

5.89%

3.00%

MONEY 80
1 Year	6.99%	3.00%
2 Year	6.89%	3.00%

MONEY 80

1 Year

6.99%

3.00%

2 Year

6.89%

3.00%

Income Verification	Reasonability
Occupancy Type	Owner occupied (Rental up to 4plex under 1 title with 1 unit owner occupied)
Max Amortization	P&I payments up to 35 years or interest only payments
Valuation	From approved appraisal list
Inspection	Not required
Prepayment Penalty	1 year – Open on 3 months interest 2 years – Open on 4 months interest

Income Verification

Reasonability

Occupancy Type

Owner occupied (Rental up to 4plex under 1 title with 1 unit owner occupied)

Max Amortization

P&I payments up to 35 years or interest only payments

Valuation

From approved appraisal list

Inspection

Not required

Prepayment Penalty

1 year – Open on 3 months interest 2 years – Open on 4 months interest

LTV	65%	75%	80%
Single Family
Duplex
4plex	[one unit must be O/O]
Townhouse
Strata Townhouse	²	²	²
Apartment Condo¹	²	²

LTV

65%

75%

80%

Single Family

Duplex

4plex

[one unit must be O/O]

Townhouse

Strata Townhouse

Apartment Condo¹

PRODUCTS	RATE	COMMITEMENT FEE
MONEY 50 (I&O)
50% or Less LTV	3.99%	3.00%

PRODUCTS

RATE

COMMITEMENT FEE

MONEY 50 (I&O)

50% or Less LTV

3.99%

3.00%

MONEY 65 (I&O)
51%-65% LTV	4.99%	3.00%

MONEY 65 (I&O)

51%-65% LTV

4.99%

3.00%

MONEY 75 (I&O)
66%-75% LTV	6.99%	3.00%

MONEY 75 (I&O)

66%-75% LTV

6.99%

3.00%

Income Verification	Reasonability
TDS	N/A
Maximum Mortgage	$750,000 (With $1,000,000 in GTA)
Occupancy Type	Owner occupied (Rental up to 4plex under 1 title with 1 unit owner occupied)
Max Amortization	N/A
Valuation	From approved appraisal list
Inspection	Not required
Prepayment Penalty	1 year – Open on 3 months interest

Income Verification

Reasonability

TDS

N/A

Maximum Mortgage

$750,000 (With $1,000,000 in GTA)

Occupancy Type

Owner occupied (Rental up to 4plex under 1
title with 1 unit owner occupied)

Max Amortization

N/A

Valuation

From approved appraisal list

Inspection

Not required

Prepayment Penalty

1 year – Open on 3 months interest

LTV	50%	65%	75%
Single Family
Duplex
4plex	[one unit must be O/O]
Townhouse
Strata Townhouse	²	²	²
Apartment Condo¹	²	²

LTV

50%

65%

75%

Single Family

Duplex

4plex

[one unit must be O/O]

Townhouse

Strata Townhouse

Apartment Condo¹

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