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 8, 2022
 


Purchases may qualify for an additional discount of 25 bps off our posted rates!

Effective Immediately, our maximum loan to value has been reduced to 70%.


 

BRITISH COLUMBIA – Residential
 

1st MORTGAGES Up to 65% LTV Up to 70% LTV  
Pop. over 15k 9.34%* 9.64%*  
Pop. 7k* – 15k 9.24%* 9.44%*  
Pop. 2.5k – 7k* 9.89%* n/a  





ALBERTA – Residential
 

1st MORTGAGES Up to 65% LTV Up to 70% LTV  
Pop. over 15k 9.34%* 9.64%*  
Pop. 7k* – 15k 9.24%* 9.44%*  
Pop. 2.5k – 7k* 9.89%* n/a  





DISCRETIONARY RATE ADJUSTMENTS
 

Situation Adjustments
2nd MORTGAGES

<$50k Add 2.65%* to all rates, >$50k Add 2.25%* to all rates. NEW! if 2nd < 50% LTV, add 1.25%* to 1st mtg rates

Non Owner Occupied Add .50% to all rates
Single wide mobiles on land Add .50% to all rates
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 $200.00
Broker’s fee We collect your fee for you
1 year open available with .75% interest bonus
Closing Date > 75 days Closing dates over 75 days from commitment are subject to 1 bps fee per day.





MOBILE HOMES ON PAD (BC ONLY)
 

  SINGLE WIDE MOBILES NEW! DOUBLE WIDE MOBILES
Criteria Detail Detail
Minimum loan amount $25,000 $80,000
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 | 12.04%* ETO 10.30%* Purchases | 10.85%* ETO
Term 1 year open 1 year open
Amortization up to 25 years 25 years
Qualifying Mobile Home Must be 2002 or newer OR substantially renovated.

Must be 2002 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

 

 

 

*denotes change

 




 

 

Lending