Nicola Mortgage Corporation | Thompson Valley Mortgage Corporation | Western Provincial Investment Group Corporation

INFO@WESTCANMORTGAGE.CA      #205-242 VICTORIA ST, KAMLOOPS, BC      1(877)559-1005

Rates & Products

Best of the Best

 

Lending

Rates effective June 7, 2024 

 

 

BRITISH COLUMBIA

Lending on Single Family, Semi-detached, Condos, Townhouses & Mobiles on pad and on own land

1st MORTGAGES Up to 60% LTV Up to 65% LTV Up to 70% LTV Up to 75% LTV
Pop. 7,000+   9.99%* 10.29%* 10.54%*
Pop. 5,000 - 6,999   10.69%* 11.49%*  
Pop 2,500 - 4,999 11.69%* exception    





ALBERTA

Lending on Single Family, Semi-detached, Condos, Townhouses & Mobiles on own land

 

1st MORTGAGES   Up to 60% LTV Up to 65% LTV Up to 70% LTV Up to 75% LTV
Pop. 7,000+     9.99%* 10.29%* 10.54%*
Pop. 5,000 - 6,999     10.69%* 11.49%*  
Pop 2,500 - 4,999   11.69%* exception  

 





DISCRETIONARY RATE ADJUSTMENTS
 

Situation Adjustments
2nd MORTGAGES add 2.00% to all rates
Rental properties add .50% to all rates
Single wide mobiles on land Add .70% to all rates
   





FEES
 

Type Fee
Our broker fee 1.55%  (minimum $900)
Application Fee $270.00
Early payout 3 months interest
Renewal fee VARIES
Broker’s fee We collect your fee for you
1 year open available Additional 100bps interest bonus, paid at closing
   





MOBILE HOMES ON PAD (BC ONLY)

  SINGLE WIDE MOBILES DOUBLE WIDE MOBILES
Criteria Detail Detail
Minimum loan amount $25,000 $50,000
Maximum loan amount Case by Case Case by Case
Purchases 60% LTV (65% exception) 65% LTV
Equity Take Out 50% LTV 55% LTV
Rates

11.69%* Purchases
12.24%* ETO

10.99%* Purchases
11.49%* ETO

Term 1 year open 1 year open
Amortization up to 25 years 25 years
Qualifying Mobile Home Must be less than 20 years old OR substantially renovated.

Must be less than 20 years old OR substantially renovated.

     

Questions? Submit your application: Contact us!
Cheryl Kirstien – Credit Manager: cheryl@westcanmortgage.ca
Joanne Quigley – General Manager: joanne@westcanmortgage.ca
Amanda Quigley – Assistant Manager: amanda@westcanmortgage.ca

 

 

 

 

 

 




 

 

Lending