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The fees

INTEREST AND APPLICATION FEE

  • Primary loan: Interest rate starting at 10%
  • Secondary loan: Interest rate starting at 12%
  • Application fee:   Minimum $2,500 for loans of $10,000 or more (application fees may vary depending on the amount of financing and the risk to be covered)

  • Origination fee: A $500 refundable deposit is requested to analyze and originate your file (this amount is refundable upon signing the loan deed)
  • Notary: At the client’s expense
  • Chartered appraisal: At the client’s expense if required
  • Title insurance: At the client’s expense
  • Building inspection: At the client’s expense if required
  • Soil analysis: At the client’s expense if required