XMC Mortgage Corporation offers unique and competitive residential mortgage products for both purchase and refinance to Canadians through an extensive network of mortgage broker partners.
XMC is a member of the Mortgage Professionals Canada, the Alberta Mortgage Brokers Association, and the Mortgage Brokers Association of British Columbia, the Independent Mortgage Brokers Association of Ontario. XMC Mortgage Agents are Accredited Mortgage Professionals (AMP) per the only national proficiency standard for Canada’s mortgage industry.
1-10 Year Closed Program Details |
|
Purpose |
PURCHASES
REFINANCES
|
Property Type |
Must be intended for occupancy at some point during the year by:
|
Term |
1 year open 3, 5 year fixed rate |
Rate Hold |
90 day rate
hold period |
Loan Amount |
$50,000 to $950,000 (Max $500,000 - 7 year and 10 year) MCAP - approved
appraisal must be sent with application for loans with property values over
$1 Million (refer to BDM for exceptions) |
Maximum (LTV)** |
|
Amortization** |
|
Payment Options |
Monthly, semi-monthly, bi-weekly, weekly (accelerated) |
20%
+ 20% Prepayment Privilege |
|
Early
Payout |
|
Other |
|
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