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Now Offer Your Clients
Open 2nd. Mortgages up to
$75,000.00
Under the H.E.L.P. Home Equity Loan Program
With New No Credit Check Equity Lending
With New Low 2nd. Mortgage Rates from 5.99%
With New Low Monthly payments
With New Low H.E.L.P. Premium now
Only $39.75 for each $5,000.00
"Challenge Your Clients"
To find any Licenced Equity Lender in Ontario who can match this offer
| Offer Your Clients $20,000.00 | @ 5.99% x $104. mo. 6mo. mortgage | @ 6.99% x $119. mo. 1yr. mortgage |
|---|---|---|
| Offer Your Clients $25,000.00 | @ 5.99% x $130. mo. 6mo. mortgage | @ 6.99% x $149. mo. 1yr. mortgage |
| Offer Your Clients $30,000.00 | @ 5.99% x $157. mo. 6mo. mortgage | @ 6.99% x $178. mo. 1yr. mortgage |
| Offer Your Clients $35,000.00 | @ 5.99% x $183. mo. 6mo. mortgage | @ 6.99% x $208. mo. 1yr. mortgage |
| Offer Your Clients $40,000.00 | @ 5.99% x $209. mo. 6mo. mortgage | @ 6.99% x $238. mo. 1yr. mortgage |
| Offer Your Clients $45,000.00 | @ 5.99% x $235. mo. 6mo. mortgage | @ 6.99% x $268. mo. 1yr. mortgage |
| Offer Your Clients $50,000.00 | @ 5.99% x $261. mo. 6mo. mortgage | @ 6.99% x $298. mo. 1yr. mortgage |
| Offer Your Clients $75,000.00 | @ 6.99% x $447. mo. 6mo. mortgage | @ 7.69% x $486. mo. 1yr. mortgage |
We have No Brokerage Fees other than our standard underwriting charge of $695. plus the
$39.75 H.E.L.P. Premium for each $5,000.00
You can charge your client whatever reasonable brokerage fee you wish
- Fully Open on any monthly payment date. Currently, the maximum advance is 75% to 80% of appraised value.
- We use the homeowner's lawyer on all mortgaging. The Law Society of Ontario now requires only 1 lawyer on private mortgages up to $75,000.00 rather than their previous $50,000.00 limit.
- Any initial renewal offered will not exceed the greater of the above rates or to a maximum of 1.99% above the
Royal Bank of Canada 1yr. open fixed 1st. mortgage rate with a maximum renewal fee of $490. - In addition to the low rates and low fees, this program now offers a reduced appraisal charge of two hundred and ninety-five dollars which is the lowest appraisal cost in Ontario, based on the most recent survey.
- The open 6 mo. rates should only be considered for your clients who need short term funding, as any renewal after 6 months will be based on the above renewal terms. Payments are based on a 576 month amortization.
- On any rate quote you issue to the general public, the total APR% must include the charges shown herein plus whatever brokerage fee you are charging your client.