Will a Debt Consolidation Loan Help You Get Out of Debt?
Are you struggling to make ends meet and drowning in a sea of debt? If so, you’re not alone. Millions of people across the country face financial challenges that can
Flexible solutions when turned away from traditional lenders. The Matrix Money is an extension of our CAPL mortgage products. Ideal for clients with a proven repayment history and are looking for a lower rate. Now introducing volume bonus exclusively on Matrix Money.
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 | 5.99% | 3.00% |
MONEY 80 | ||
---|---|---|
1 Year | 6.99% | 3.00% |
2 Year | 6.99% | 3.00% |
80% LTV, MIN 620 BEACON
Income Verification | Reasonability |
---|---|
TDS | Max 50% (Using posted rates) |
Maximum Mortgage | $750,000 (With $1,000,000 in GTA & GVA) |
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 |
A (ON, BC, & AB)
(See our Lending Areas page for definition)
LTV | 65% | 75% | 80% |
---|---|---|---|
Single Family | |||
Duplex | |||
4plex | [one unit must be O/O] | ||
Townhouse | |||
Strata Townhouse | 2 | 2 | 2 |
Apartment Condo1 | 2 | 2 |
1 Min 600 sq ft & building must be 20 years or newer 2 GTA & GVA only