OolloO
New Member
What banks are providing financing for a home that was previously a grow up, but has been brought up to code with city\inspection documents as proof?
The best financing I can find so far is
4.79% fixed, 1 year term (They don't want to provide >1 year term)
1% split commission fee
I believe the amortization is 25-30 years.
Apparently, the 1% split commission is a fee on the mortgage amount. I've never heard of this before...
TD, CIBC and Scotia have been approached and say that they don't do grow-op mortgages.
Anyone know of a bank\mortgage broker that may be helpful in finding a more reasonable mortgage rate(~3%) and term( > 3 years)?
The best financing I can find so far is
4.79% fixed, 1 year term (They don't want to provide >1 year term)
1% split commission fee
I believe the amortization is 25-30 years.
Apparently, the 1% split commission is a fee on the mortgage amount. I've never heard of this before...
TD, CIBC and Scotia have been approached and say that they don't do grow-op mortgages.
Anyone know of a bank\mortgage broker that may be helpful in finding a more reasonable mortgage rate(~3%) and term( > 3 years)?