.: myNext Mortgage Company :.

If your credit rating is keeping you from accessing preferred mortgage rates, take a year to fix it using our innovative transition mortgage.

Up to 95% loan-to-value (plus borrower fee)
Maximum $575,000, with up to $700,000 for urban centres (Toronto, Vancouver, Victoria)
$50,000 minimum loan amount
One year fixed-rate term with auto extension to 3 or 5-year fixed, or 5-year variable at the end of the term
60 day rate hold
Up to 40 year amortization (additional fees if over 25 years)
20% prepayment and 20% increase in payment options every year
Payout upon bonafide arm’s length sale of the property, upon payment of the greater of one months’ interest or $1,000, otherwise closed for the term
Stated income option at 90% LTV. The income you state should be reasonable with respect to your occupation.