Street Capital
Street Capital Financial Corporation is a Canadian wholesale lending company. As a wholesale lender, Street Capital doesn't have an expensive branch network and as such can pass those savings to the consumer. Street Capital prides itself on offering consumers competitive products and interest rates with an exceptional level of service.
Having approved lender status with Canada Mortgage and Housing Corporation (CMHC) Street Capital is able to offer a broad spectrum of residential mortgage financing products to the consumer. Also, since they're primarily focused on the mortgage broker origination channel, you’re assured that your mortgage will fit your needs comfortably.
* Mortgage must close within 45 days of approval to retain this rate. Quick Close Special.
| Minimum Mortgage Amount | $50,000 |
|---|---|
| Portable | Yes, upon qualification |
| Amortization | 16 Years Minimum, 35 Years Maximum |
| Assumable | Yes, upon qualification |
| Rate Guarantee | Up to 120 Days for fixed rate, 60 days for variable rate |
| Preapprovals | Yes |
| Payment Frequencies | Weekly, Acclerated Weekly, Bi-Weekly, Accelerated Bi-Weekly, Semi-Monthly,Monthly |
| Early Payout Penalties | Greater of 3 Months Interest or IRD for closed Fixed Rate Mortgages, 3 Months Interest for Closed Variable Rate Mortgages. |
| Prepayment Privileges | 20% of mortgage amount per year, + increase Payments by 20% per year. |
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