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 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	$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, 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

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	$350.00
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	$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 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	$400.00 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