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 SEPTEMBER 14, 2023  

 

LIMITED FUNDS AVAILABLE

 

 

 

BRITISH COLUMBIA – Residential Single Family (Owner Occupied)
 

1st MORTGAGES Up to 65% LTV Up to 70% LTV Up to 75% LTV
Pop. over 7k 10.50% 10.85% 10.99%
       
Pop. 2.5k – 7k 11.00% please call  





ALBERTA – Residential Single Family (Owner Occupied)

 

1st MORTGAGES Up to 65% LTV Up to 70% LTV Up to 75% LTV
Pop. over 7k 10.50% 10.85% 10.99%
       
Pop. 2.5k – 7k 11.00% exception - please call    n/a

 





DISCRETIONARY RATE ADJUSTMENTS
 

Situation Adjustments
2nd MORTGAGES

Add 2.50% to all rates 

Non Owner Occupied Add 1.00% to all rates PRODUCT NOT AVAILABLE UNTIL FURTHER NOTICE
Single wide mobiles on land Add 1.00% to all rates PRODUCT NOT AVAILABLE UNTIL FURTHER NOTICE
Septic & Well water systems Add .15% for each system to all rates
   





FEES
 

Type Fee
Lender 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)  - VERY LIMITED FUNDS UNTIL FURTHER NOTICE

 

  SINGLE WIDE MOBILES NEW! 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

12.95% Purchases
13.25% ETO

12.20% Purchases
12.50% ETO

Term 1 year open 1 year open
Amortization up to 25 years 25 years
Qualifying Mobile Home Must be 2003 or newer OR substantially renovated.

Must be 2003 or newer 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

 

 

 

 

*denotes change

 




 

 

Lending