Location: Whitby, Ontario
Loan Amount: $25,000
Property Type: Residential
Mortgage Ranking: Second
LTV: 76%
Rate: 10.99%
Summary: Power of Sale: Borrower had a previous bankruptcy and was a beacon reject, with no current income or employment verification. A one year pre pay from the proceeds was administered. This allowed the borrower to not have to make monthly payments, for the length of the term.