Ratewise mortgage - Radius Financial
[Pages:1]ratewise mortgage
Ratewise Mortgage products are intelligent choices for those in favour of foregoing higher mortgage privileges for lower rates. Ratewise Mortgage products are specifically designed for homebuyers who want greater savings while keeping some flexibility in their mortgage.
product features
Loan Purpose Term
Purchase, Switch/Transfer 5 year Fixed Term
Amortization
Minimum 20 years Maximum 25 years High ratio and Conventional Insured
Refinancing Options Available uninsured conventional only
Mortgage Type
Conventional Insured, CMHC & Genworth; Fully qualified
Title Insurance
Lender policy - paid by client except in Quebec
Loan Amount
Minimum $50,000 Maximum $924,999 plus insurance High Ratio Maximum $799,999 Conventional Insured
Eligible Properties or Occupancies
Owner occupied, up to a 4-plex
Appraisal Requirement
Payment Options
Upon Request Conventional: Full Appraisal 50% LTV *Drive By Appraisal ................
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