Insured Mortgages

Your Best Option for Insured Mortgage Solutions

Fully-featured

Interest rates in line with what your bank can offer, flexible terms and FREE! Home System Warranty insurance to save you up to $10,000 every year.

Buy your new home for as little as 5% down if you’ve got good credit and income.

We’ll hold the rate for 120 days and commit to you for the term of your mortgage – if anything changes on your end, we’ll be here. XMC has a more generous privilege and penalty payment policy that won’t punish you if life takes an uncharted turn.

No Frills

Ready to put down some roots? Long-term security and peace of mind mean you can focus on building your future.

A no frills mortgage solution offers the same competitive interest rates and features that our fully-featured mortgage solution does; however, prepayment privileges are limited to 10/10 and the terms are closed. That means it can be prepaid in full only in the case of a bona fide sale of the property or a refinance with XMC.

Payments

Returned Payment (insured)$105.00
Hold/Delay Payment$90.00
Skip Payment (if applicable)$90.00
Mid-term Change$90.00

Returned Payment (insured)Hold/Delay PaymentSkip Payment (if applicable)Mid-term Change
$99.75$82.00$82.00$82.00

Discharges

Discharges - NOT AB,QC,BC, MB$380.00
Land Registration Fee ON$77.62
Discharges BC$75.00
Discharges AB & QC$0.00
Discharges MB$235.00
Discharge NB$85.00
Discharge Reproduction ON & QC$25.00
Discharge Reproduction - all other provinces - NOT ON & QC$100.00

Discharges - NOT AB,QC,BC, MBLand Registration Fee – ONDischarges – BCDischarges – AB and QCDischarges – MBDischarge- NBDischarge Reproduction – ON & QCDischarge Reproduction - all other provinces - NOT ON & QC
$380.00$75.63$75.00$0.00$225.00$85.00$25.00$100.00

Assignments/Transfers

Assignments/Transfers - NOT NF, NS, PEI, QC$380.00
Assignments/Transfers NF$50.00
Assignments/Transfers NS$25.00
Assignments/Transfers QC$0.00
Assignments/Transfers PEI$25.00

Assignments/Transfers - NOT NF, NS, PEI, QCAssignments/Transfers NFAssignments/Transfers NSAssignments/Transfers QCAssignments/Transfers PEI
$380.00$50.00$25.00$0.00$25.00

Taxes

Payment of Tax Arrears$150.00+
Payment of Utility ArrearsArrears > $500 = 10%, Arrears= $50-$499= $50, Arrears <$50= $0
Breakdown of Tax Acct$75.00/hr
Tax Admin Fee from MunicipalityVaries by municipality
Tax Portion Cancellation$75.00

Refinance

PortDetermined by XMC
RefinanceDetermined by XMC
Partial Discharges (excluding QC)$250.00
Partial Discharges (QC)$0.00
Qualified Assumptions$450.00
Non-Qualified Assumptions$0.00
Covenant Change$350.00
Bridge Loan Processing FeeFee varies
AppraisalsVaries by geography. Paid by borrower

PortRefinancePartial Discharges (excluding QC)Partial Discharges (QC)Qualified AssumptionsNon-Qualified AssumptionsCovenant ChangeBridge Loan Processing FeeAppraisals
Determined by XMCDetermined by XMC$250.00$0.00$450.00$0.00$350.00Fee variesVaries by geography. Paid by borrower

Legal Action

Default Administration$350.00
Bankruptcy/Consumer Proposal Administration$300.00+
Payment of Condo Arrears$150.00+

Default AdministrationBankruptcy/Consumer Proposal AdministrationPayment of Condo Arrears
$250.00$300.00+$150.00+

Statements

Annual Statement Reprint$75.00
Information Statements$25.00
Amortization Schedule$75.00 (free when requested on borrower portal)
Repayment History$25.00 (free when requested on borrower portal)

Annual Statement ReprintInformation StatementsAmortization ScheduleRepayment History
$25.00$20.00$25.00 (free when requested on borrower portal)$25.00 (free when requested on borrower portal)

Miscellaneous

Refund Cheque$0.00
Cheque Processing Fee$25.00
Lapse in Impairment Insurance$400.00 every 3 months
Records Research$75.00
Copy from File$25.00

Refund ChequeCheque Processing FeeLapse in Impairment InsuranceRecords ResearchCopy from File
$0.00$25.00$250.00 every 3 months$75.00$25.00