Today's Prime Rate: 2.25%
Closed Variable: Prime - .30
Open Variable: Prime + .80%
TermOur Rate
6 Month Closed4.60%
1 Year Closed2.30%
2 Year Closed2.90%
3 Year Closed3.25%
4 Year Closed3.69%
5 Year Closed3.69%
6 Year Closed4.69%
7 Year Closed4.95%
10 Year Closed5.20%





"I have been working with Dan Grant as my mortgage broker for the past 4 years. My realtor referred me to Dan. I got a fantastic rate on my mortgage, he really took the time to explain everything to me and I feel like I made a really informed decision. I can't imagine going any where else. Thans Dan for all your hard work over the years."

Lynda L.
Airdrie, Alberta
Stated Income Mortgages

This product is perfect for applicants who are self-employed or salaried and have great credit, but find it difficult to provide proof of income.

 

The stated income product is designed to allow self-employed or salaried clients an opportunity to purchase or refinance a property that is owner occupied with minimal documentation of income.

 

Loan Amount - Purchase

  • $50,000 to $600,000 - some exceptions apply

 

Loan Amount - Refinance / Equity take out

  • $100,000 for debt consolidation
  • $200,000 for property enhancement purposes

 

Occupancy

  • Owner-occupied

 

Maximum Loan-to-Value (LTV) Ratio Self-employed

  • 95% on a purchase
  • 90% on a refinance

Maximum Loan-to-Value (LTV) Ratio Salaried

  • 65% on a purchase or refinance

 

Down Payment

  • Must come from own resources. No gifted down payment allowed and no borrowed down payment allowed.

 

Maximum Amortization

  • Self-employed 35 years
  • Salaried 25 years

 

Minimum Credit Score LTV% Insurance Premium
Purchase and Refinance Top up rate
700 90.01 - 95% 6.00% 8.50%
680 85.01 - 90% 4.75% 7.00%
680 80.01 - 85% 2.90% 5.50%
680 <80% N/A N/A