Lending Guidelines

  • Decent, marketable properties including detached homes, town-homes and condos located in B.C.
  • Maximum loan-to-value ratio of generally 70%
  • Each deal is unique so rates and fees are quoted on a case by case basis depending on the financial strength of the covenant, the quality of the property and the total loan-to-value ratio of the deal.
  • Mortgages typically have a one year term with interest only payments – however flexible payment plans are considered with no prepayment penalty after 3 months.
  • If a mortgage is renewed at maturity, a renewal fee will generally be charged to the borrower.

Contact a Broker

May we suggest:

The Nowik Team
Universal Mortgage Architects
101 – 5190 Dublin Way
Nanaimo, BC V9T 0H2

Paul Stapley
Dominion Lending Centres
Coastal Mortgages
966 Shoppers Row
Campbell River, BC V9W 2C5

Elaine Peligren
Dominion Lending Centres Vanisle
2101A Boundary Ave
Nanaimo, BC V9S 4P4

Dwight Bakken Jr.
966 Shoppers Row
Campbell River, BC V9W 2C5