Million Dollar Journey Exclusive Rate Feature:
* 3.18% Five-year Fixed!
Full-featured from a major bank...
(30-day rate hold; $175k min.; optional readvanceable credit line)
Valid until October 10, 2011 barring lender rate increases.
Other Rate Features:
* 2.48% Two-year fixed!
Full-featured from a major bank...
($150k min.; optional readvanceable credit line)
Valid until October 10, 2011 barring lender rate increases.
Overview:
* Always unbiased mortgage advice from the Editors of CMT
(Finding you great deals from all the lenders.)
* No hidden fees
* Lump-sum prepayments can be made anytime during the calendar year in multiple installments (10-20% total annually depending on lender)
* Optional payment top-ups up of 20-100% annually based on lender
* Optional payment double-up (fixed only)
* All mortgages are portable
* Up to 95% loan-to-value (LTV) on purchases; 85% on refinances
Main Qualifications:
* Two years of established credit with a 680 minimum credit score
* No credit delinquencies in last 24 months
* 42% maximum total debt service (TDS) ratio
* No prior bankruptcies, consumer proposals, or collections
* One year steady full-time employment
Other Details:
* This promotion is limited time offer expected to run until the date above, but may end at any time without notice if rates change.
* Please reference this promotion when you contact us.
* Subject to approved credit and appraisal
* A normal appraisal fee is collected by the lender's authorized appraisal company upon submission of application (Appraisal fees are generally $225 to $275 depending on the location, property, and appraiser.)
* Closings must occur by Oct. 31, 2011 unless otherwise noted.
* Purchases and refinances only. Sorry, no pre-approvals or assignments.
* Optional readvanceable credit lines require at least 20% equity
* Not available in some provinces (such as QC and NS...).
* New applications only.
Rate may include cash rebate to the borrower.
* FREE legal & appraisal fees on straight switches (N/A with cash back offers or credit lines)
* For owner occupied primary residences.
* Other terms and conditions may apply.
