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
250-758-5524
101 – 5190 Dublin Way
Nanaimo, BC V9T 0H2
www.thenowikteam.com

Paul Stapley
Dominion Lending Centres
Coastal Mortgages
250-286-1877
966 Shoppers Row
Campbell River, BC V9W 2C5

Elaine Peligren
Dominion Lending Centres Vanisle
250-729-7099
epeligren@dominionlending.ca
2101A Boundary Ave
Nanaimo, BC V9S 4P4

Dwight Bakken Jr.
966 Shoppers Row
Campbell River, BC V9W 2C5
250-287-4764