2ND mortgage product
Up to 95% LTV for refinances!
Stand out from the competition! Solidity is only partnering with select Dominion Lending Brokerages!
Premium Plus allows a homeowner to access an additional 15% of the value of their home.
No auto-declines, all deals considered on own merit. Speak with BDM to see if this product is right for your client.
Appraisals ordered by lender. Cost is borrowers responsibilty
|Purpose||Assist your clients with their refinance. Access up to 15% of the homes value, to a maximum 95% LTV|
|Loan Amount||Maximum $200,000
|Number of Units||1 & 2 Units up to 95% LTV
3 & 4 Units up to 90% LTV
|Amortization||LTV > 80% up to 30 year 0.20% premium on rate
LTV > 80% up to 35 year 0.40% premium on rate
Interest Only 0.60% premium on rate
|Eligibility*||Canadian Citizens, Permanent Residents, & Newcomers.
Self Employed with 2 year
NOA grossed by 15% or
Eligible add backs.
|Terms||Fully open 2 year term.|
To a max of 95% of appraised value.
Beacon > 680 GDS N/A TDS 48%
**Purchases must have closed in the last 3 months.
*For borrowers without Canadian credit history where the LTV is < 80% Solidity will consider alternative sources and willingness to pay the loan.