Email
matrix@mmgb.ca
CALL 24/7 LIVE SUPPORT
855 55 FUNDS
CALL 24/7 LIVE SUPPORT
855 55 FUNDS
Email
matrix@mmgb.ca

MATRIX Money (P&I)

MATRIX Money (P&I)

Flexible solutions when turned away from traditional lenders. Matrix Money P & I Product is an extension of our CAPL mortgage product line. Ideal for clients with a proven repayment history and are looking for a lower rate.
PRODUCTSRATECOMMITEMENT FEE
MONEY 65  
1 Year5.24%3.00%
2 Year5.14%3.00%

65% LTV, MIN 600 BEACON

MONEY 75
1 Year 5.99% 3.00%
2 Year 5.89% 3.00%
75% LTV, MIN 620 BEACON
MONEY 80
1 Year 6.99% 3.00%
2 Year 6.89% 3.00%
80% LTV, MIN 620 BEACON

TERMS & CONDITIONS

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

LOCATION

A (ON, BC, & AB)
(See our Lending Areas page for definition)

LTV65%75%80%
Single Family   
Duplex   
4plex[one unit must be O/O]
Townhouse   
Strata Townhouse222
Apartment Condo122 

MATRIX Money (Interest Only)

Flexible solutions when turned away from traditional lenders. Matrix Money Interest Only Product is an extension of our CAPL mortgage product line. Ideal for clients with a proven repayment history and are looking for a lower rate.

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

TERMS & CONDITIONS

Income VerificationReasonability
TDSN/A
Maximum Mortgage$750,000 (With $1,000,000 in GTA)
Occupancy TypeOwner occupied (Rental up to 4plex under 1
title with 1 unit owner occupied)
Max AmortizationN/A
ValuationFrom approved appraisal list
InspectionNot required
Prepayment Penalty1 year – Open on 3 months interest

LOCATION

A (ON)
(See our Lending Areas page for definition)

LTV50%65%75%
Single Family   
Duplex   
4plex[one unit must be O/O]
Townhouse   
Strata Townhouse222
Apartment Condo122 
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