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 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)	$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