Rate Sheet
Product |
---|
65% LTV |
70% LTV |
75% LTV |
Fee |
First Mortgages | ||
---|---|---|
Product | Mortgage | Line of Credit |
65% LTV | 9.45% | P + 2.75%, min. 9.45% |
70% LTV | 9.70% | P + 3.00%, min. 9.70% |
75% LTV | 9.95% | P + 3.25%, min. 9.95% |
Fee | 2.00% split | 2.50% split |
Second Mortgages | ||
---|---|---|
Product | Mortgage | Line of Credit |
65% LTV | 11.45% | P + 4.75%, min. 11.45% |
70% LTV | 12.95% | P + 6.25%, min. 12.95% |
75% LTV | 12.95% | P + 6.25%, min. 12.95% |
Fee | 3.00% split | 4.00% split |
Starting Rate |
---|
Max LTV |
Fee |
Commercial | |
---|---|
Starting Rate | P + 4.00%, min 10.70% |
Max LTV | 75% |
Fee | 2.00% split |
Construction | |
---|---|
Starting Rate | P + 4.00%, min 10.70% |
Max LTV | 65% |
Fee | 3.00% split |
Land | |
---|---|
Starting Rate | P + 5.00%, min 11.70% |
Max LTV | 65% |
Fee | 2.00% split |
All mortgage products have 12 month open terms with interest only payments.
P denotes BMO Prime | Effective July 25, 2024 BMO Prime = 6.70%
Rates are subject to change and may be withdrawn at any time without notice.