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Variable 5 Years
- 2.85%
- Broker-Only
- Listing ID: 65
Qualifying Rate: Bank of Canada 5 Year Benchmark Rate / Maximum Amortization: 25 Years / Interest Rate Premiums based on Loan-to-Value: <=65% = 0.00, 65.01 to 70% = -0.10% 70.01 to 75% = -0.30%, 75.01 to 80% = -.40%. / Additional Rate Premiums: Stated Income = 0.15%, Rentals = 0.15%, Pre-Approvals = 0.20%, Prior Bankruptcy = .50%
Basic Details
- Listing ID65
- Lender TypeBroker-Only
- Term TypeVariable Rate
- Term Length5 Years
- Variable DiscountPrime Minus - 0.85%
- Effective Rate2.85%
Mortgage Features
- Annual Lump-Sum Prepayment Allowance20%
- Annual Payment Increase Allowance20%
- Skip-a-Payment Allowedno
- Rate Hold120 Days
- Charge Typestandard
- Pre-Approval Eligibleyes
- Promo Rateno
Qualification Details
- Rentals Allowedno
- Second Home Allowedyes
- Maximum LTV80%
Restrictions
- Port and Increaseno
- Arm's Lengthno
- Penalty Termsinquire
- Minimum Mortgage Amount$50,000
- Maximum Mortgage Amount$800,000
- Transfer Eligibleyes
- Refinance Eligibleno