A Type Cottage
• Must Be 4 Season with year round access and permanent heat source
• NO PRE APPROVALS
• 95% Loan to value for purchase
• 80% Loan to value for Refinance
• Max Purchase Price 1M Insured
• Conventional No Limit Provided Within Sliding Scale
• No Stated Income
• Non Insured Requires Potability Testing
• Max Amortization 25yrs
• Min Beacon 650 insured
• Min Beacon 620 non insured
• All fixed and variable rates available
• Heloc (no AIO) Max 65% LTV Prime + 1.00% min beacon 670
B Type Cottage – seasonal access only
• Purchases Only No Refinances
• NO PRE APPROVALS
• Seasonal access, water access ok no permanent heat source must have septic and 3 piece bathroom
• Up To 90% LTV Purchase (Genworth) Insured
• Must Be Insured Regardless Of Loan To Value
• Max mortgage amount 350K Insured
• Conventional No Limit Provided Within Sliding Scale
• No Stated Income
• Max Amortization 25yrs
• Min Beacon 650
• Min Beacon 620 non insured
• All fixed and variable rates available
Best mortgage rates in Barrie, Mortgage Broker Barrie , home and cottage financing Dominion Lending Barrie visit www.darick.ca call 705 797 8811