Solutions
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 means you can focus on building your future.
The XMC no frills Simplicity 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) | $99.75 |
| Hold/Delay Payment | $82.00 |
| Skip Payment (if applicable) | $82.00 |
| Mid-term Change | $82.00 |
| Returned Payment (insured) | Hold/Delay Payment | Skip 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 | $75.63 |
| Discharges BC | $75.00 |
| Discharges AB and QC | $0.00 |
| Discharges MB | $225.00 |
| 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, MB | Land Registration Fee ON | Discharges BC | Discharges AB and QC | Discharges MB | Discharge- NB | Discharge Reproduction ON & QC | Discharge 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, QC | Assignments/Transfers NF | Assignments/Transfers NS | Assignments/Transfers QC | Assignments/Transfers PEI |
| $380.00 | $50.00 | $25.00 | $0.00 | $25.00 |
Taxes
| Payment of Tax Arrears | $150.00+ |
| Payment of Utility Arrears | Arrears > $500 = 10%, Arrears= $50-$499= $50, Arrears <$50= $0 |
| Breakdown of Tax Acct | $75.00/hr |
| Tax Admin Fee from Municipality | Varies by municipality |
| Tax Portion Cancellation | $75.00 |
| Payment of Tax Arrears | Payment of Utility Arrears | Breakdown of Tax Acct | Tax Admin Fee from Municipality | Tax Portion Cancellation |
|---|---|---|---|---|
| $150.00+ | Arrears > $500 = 10%, Arrears= $50-$499= $50, Arrears <$50= $0 | $75.00/hr | Varies by municipality | $75.00 |
Refinance
| Port | Determined by XMC |
| Refinance | Determined 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 Fee | Fee varies |
| Appraisals | Varies by geography. Paid by borrower |
| Port | Refinance | Partial Discharges (excluding QC) | Partial Discharges (QC) | Qualified Assumptions | Non-Qualified Assumptions | Covenant Change | Bridge Loan Processing Fee | Appraisals |
|---|---|---|---|---|---|---|---|---|
| Determined by XMC | Determined by XMC | $250.00 | $0.00 | $450.00 | $0.00 | $350.00 | Fee varies | Varies by geography. Paid by borrower |
Legal Action
| Default Administration | $250.00 |
| Bankruptcy/Consumer Proposal Administration | $300.00+ |
| Payment of Condo Arrears | $150.00+ |
| Default Administration | Bankruptcy/Consumer Proposal Administration | Payment of Condo Arrears |
| $250.00 | $300.00+ | $150.00+ |
Statements
| Annual Statement Reprint | $25.00 |
| Information Statements | $20.00 |
| Amortization Schedule | $25.00 (free when requested on borrower portal) |
| Repayment History | $25.00 (free when requested on borrower portal) |
| Annual Statement Reprint | Information Statements | Amortization Schedule | Repayment 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 | $250.00 every 3 months |
| Records Research | $75.00 |
| Copy from File | $25.00 |
| Refund Cheque | Cheque Processing Fee | Lapse in Impairment Insurance | Records Research | Copy from File |
|---|---|---|---|---|
| $0.00 | $25.00 | $250.00 every 3 months | $75.00 | $25.00 |
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