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Step 
Canada
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Currency:
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Canadian
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Minimum Loan:
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$50,000.00
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Maximum Term:
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25 Years
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LTV:
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75%
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- Loan Type
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Repayment mortgage. Non-Status loans are currently not available.
- Property Type
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Residential property in Canada.
- Loan Use
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House purchases and home improvements.
- Loan Amount
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Minimum $55,000. No Maximum. Note: Loan amount must not exceed the lower of: 75% of the property valuation or the total property purchase price.
- Currency
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Canadian Current
- Current Interest Rate
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Starting at 4.00% variable in $CDN.
- Term
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25 years
- Payment Estimates
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For an $89,000 repayment mortgage with a 25-year term at a variable interest rate of 4.00%= payments of approximately $476.58 per month (including capital & interest). The total approximate amount payable over the term = $147,000 including capital, interest, arrangement, and survey fees.
- Eligibility
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Proof of Income is required in all cases. Income can include Earned Income, Pension Benefits, Investment Income, or Rental Income. Note: The Lender may not consider ALL forms of income when determining the maximum loan available.
Apply for a loan in Canada
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