Thompson Valley Mortgage Corp.
Western Provincial Investment Group Corp.
Nicola Mortgage Corp.
|Beacon Score||We do not use beacons or credit formulas, however history should indicate that they will pay|
|Loan/Value||Up to 70% (75% on exception)|
|Loan Amounts||Maximum loan amount 1st $400,000 (some exceptions)
Maximum loan amount 2nd $250,000 (some exceptions)
Max 1st plus our 2nd = $750,000
|Lender’s Fee||1.50% (minimum $750) App fee – $270|
|Broker’s Fee||We’ll add your fee to the lender fee; up to 5%|
|Amortization Periods||25 Years Maximum (30 Years and Interest Only on exception)|
|Term||1 year (6 month and 2 year available, on exception)|
|Early Prepayment||3 months interest (1 year open product available with .75% interest bonus)|
|Bridge Financing||Run it by us. We will try hard to make it happen.|
|Construction Draw Mortgages||No|
|Mobiles||Click link to view on our Rates and Product page or call for details|
|Lending area||Most areas of BC and Alberta – specializing in smaller centers|
|Multi family loans||Up to four-plex|
|Pre-approvals||Run it by us – we know what we can do and will let you know quickly|
|Types of properties||Single family homes, townhouses, apartments, condos. Commercial/industrial properties on exception basis. No raw land.|
|Acreage||Value based on home plus 25 acres – No farms|
|Appraisal||Must be CRA or AACI certification. Letter of Transmittal is required before instructing. Real estate comparables must indicate days on market (DOM)|
|Low LTV/Low Loan Amt||When the loan to value is less than 50% of the current assessed value and the mortgage amount is less than $75,000, the appraisal may be waived, at our discretion, provided that current pictures of the interior and exterior of the property are provided and are satisfactory. (1st mortgages only)|
Joanne Quigley – General Manager firstname.lastname@example.org