Mortgage Terms

MORTGAGE TERMS

• From 3, 6, 9 and 12 months
• Longer terms may be available on a case by case basis
• Mortgage Renewal option available

FEES

• Lender Fees starting at 1 .50%

PREPAYMENT PRIVILEGES

• Open and closed terms

INCOME VERIFICATION

• Most recent Notice of Assessment (NOA) may be required to confirm no taxes owing
• Further income documentation may be required

APPRAISALS

• Appraisals required. King Capital may accept NAS appraisals
• MPAC assessments may be accepted in place of an appraisal, depending on low LTV

CREDIT BUREAU

• Credit bureaus required for all borrowers
• No minimum beacon scores

APPROVED SOLICITORS

• King Capital Approved List - exceptions may be considered

FUNDING

• 2-5 Business Days