INFO FOR BROKERS
We are a direct source of private mortgage funds. We provide fast turnarounds on all applications! You can expect a quote within 24 hours and a Commitment Letter within 48 hours of submission. We are dedicated to providing innovative mortgage solutions and will always tell you what we can do instead of what we can’t.
We can consider 1st, 2nd or 3rd Mortgage Applications that meet our General Lending Guidelines:
Location: We focus our Lending to the Lower Mainland, Vancouver Island and the Okanagan, However, we will consider opportunities in any population centre of British Columbia.
Loan Amounts: $50,000 and up
Loan to Value: Maximum of 75%, (some types of properties and some locations may be less, please contact us for details)
Rates: We provide variable rate, interest only mortgages
Fees: Starting at 1.0% or a minimum of $2,000. To be negotiated at the onset of each deal
Terms: Between 6 and 24 months; renewals will be entertained
When submitting Applications, please include the following:
- Filogix Borrower Application Form
- Borrowers Net Worth Statement
- Credit Bureau Report
- Current Market Value Appraisal
- Deal Synopsis including detailed Exit Strategy