Jumpstarter

Jumpstarter Mortgage Product

Who Jumpstarter Mortgage is Ideal for:

Short-term mortgage financing needs-cashable investment becoming available or sale of another property, access to inheritance
Self-employed clients with strong equity but limited qualifying income or seasonal fluctuations for revenue-would benefit from initial 3-6 months of lower payments and then can budget for increase in payment
Bridging a firm sale

*FULLY OPEN FOR INTRODUCTORY PERIOD
*OWNER OCCUPIED PROPERTIES (RENTALS MAY BE CONSIDERED WITH RATE PREMIUM)
*MAX LOAN AMOUNT $1M
*680 PLUS BEACON SCORES
*LTV TO A MAX 65% FOR THIS OFFER
**TERMS AND CONDITIONS SUBJECT TO CHANGE

Term
First 3 Months
First 6 Months

Up to 55%
4.99%
5.49%

Up to 60%
5.25%
5.99%

Up to 65%
5.74%
5.99%

2% Lender Fee
Fully Open for introductory rate period then closed with a 3-month interest penalty
All terms convert to 6.99% for balance of the 1-Year term after introductory period
680+ Beacon
Must have clear Exit Strategy
No GDS/TDS requirements. Minimal income docs required.
Residential Urban/Suburban Properties Only (London to Ottawa, GTA to Barrie)
Appraisal must be completed by an Approved Appraiser