CMC | Single Family Residential
1705
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Single Family Residential

Category
Canadian Deals

Loan Details

Location: Burlington, Ontario

Loan Amount: $40,000

Property Type: Residential

Mortgage Ranking: Second

LTV: 70%

Rate: 10.99%

Summary: This was an elderly couple with only CPP as income. As a result, mortgage payments for the term will be deducted from the advance. This allowed the borrowers to avoid any monthly mortgage payments for the term.