- basic lender administration fee from $500.00, broker fees are the brokers option and will be collected on your behalf by our solicitors
- larger mortgages/inter alia mortgages (fee may increase up to $1,500 and/or .25 point)
- standard one (1) year closed mortgage with a 3 month prepayment penalty
- amortized over 25 years (30-35 year amortization if requested and dependant on file)
- Preferred Appraisers List
- open mortgage (2 point fee up front)
- interest only payments for 1st year of mortgage
- rate buy downs and prepaid payments available
- all our mortgages require title insurance
- $200.00 renewal fee
- $100.00 default/n.s.f. charge if applicable
- $75.00 discharge fee applicable in B.C. only
Documentation required when submitting file to V.W.R. Capital Corp.
- Application
- Credit Bureau
- Copy of the Contract of Purchase and Sale ( if not a refinance)
- Appraisal done by one of our preferred appraisers
- If strata property we will require last 2 years of minutes including AGM’s, financials and copy of Form B, (in Alberta an Estoppel Certificate is required)
Once commitment has been duly executed by all parties we will require copy of the B.C. Disclosure Statement prior to funding mortgage.