Rental Refinance

Rental Refinance available on select property types

There are mortgage financing options available if you have an existing property that you want to do a rental refinance on.

Available loan security:

First mortgage
– All new and existing funds are secured by a new first mortgage.

Additional pari passu mortgage
– New funds are secured by an additional pari-passu mortgage.

Temporary second mortgage
– New funds are secured by a second mortgage with conditions.
– Available until term renewal of the first.

Second Mortgage Conditions

– Total 1st and 2nd mortgage debt limited to 85% LTV.
– Maximum term is the remaining term on the 1st mortgage.
– At renewal, the two mortgages to be combined into one 1st mortgage
or each continues with pari passu ranking.