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

MATRIX Money

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%
65% LTV, MIN 600 BEACON
MONEY 75
1 Year 5.99% 3.00%
2 Year 5.99% 3.00%
75% LTV, MIN 620 BEACON
MONEY 80  
1 Year6.99%3.00%
2 Year6.99%3.00%

80% LTV, MIN 620 BEACON

TERMS & CONDITIONS

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

LOCATION

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

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