Premium Plus 
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 | ||||||||||||
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| Loan Amount | No Maximum No Minimum |
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| Number of Units | 1 & 2 Units up to 95% LTV 3 & 4 Units up to 90% LTV |
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| 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 |
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| Eligibility* | Canadian Citizens, Permanent Residents, & Newcomers. Self Employed with 2 year NOA grossed by 15% or Eligible add backs. |
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| Terms | 2 Year Term – 3 months interest penalty- reduced to 1 month if refinanced by DLC agent |
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| Interest Rate | Rate for Refinance is current 5 year First National Rate. Matching recently funded 1st mortgage rate. |
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| Lenders Fee |
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| Debt Service | Beacon <680 GDS 35% TDS 42% Beacon >680 GDS N/A TDS 48% |
Fees | $850 + HST Mortgage set-up fee, and closing costs paid by the borrower |
*For borrowers without Canadian credit history where the LTV is < 80% Solidity will consider alternative sources and willingness to pay the loan.
Send applications to: [email protected]