Mortgages and Property

Canada

Canadian Mortgages for purchasing a property in Canada - rates from approx 5.60% Fixed for 3 years in CDN $

Includes Canadian Residential Properties

If you are considering purchasing a property in Canada, Canadian Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for Home Improvement purposes only.

Type of Canadian Mortgage: Repayment Mortgage only.

Minimum: CDN$75,000, No Maximum, but cannot exceed 75% of valuation or purchase price (whichever is the lower).

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: maximum 25 years

Currency: Canadian Dollars only

Current Variable Interest Rate in Canadian Dollars: from 5.75% Variable. Fixed Rate are also available (ie: Fixed for 3 years at 5.60%)

Example Canadian Mortgage: Repayment mortgage of approx CDN$100,000 over a period of 25 years at a Variable Interest Rate of approx 5.75% = approx CDN$607.00 capital & interest per month = a total approximate amount payable over term of CDN$186,340 including capital, interest, arrangement & survey fees.