Your Best Option for Insured Mortgage Solutions
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.
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.
|Returned Payment (insured)||$105.00|
|Skip Payment (if applicable)||$90.00|
|Returned Payment (insured)||Hold/Delay Payment||Skip Payment (if applicable)||Mid-term Change|
|Discharges - NOT AB,QC,BC, MB||$380.00|
|Land Registration Fee ON||$77.62|
|Discharges AB & QC||$0.00|
|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|
|Assignments/Transfers - NOT NF, NS, PEI, QC||$380.00|
|Assignments/Transfers - NOT NF, NS, PEI, QC||Assignments/Transfers NF||Assignments/Transfers NS||Assignments/Transfers QC||Assignments/Transfers PEI|
|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|
|Port||Determined by XMC|
|Refinance||Determined by XMC|
|Partial Discharges (excluding QC)||$250.00|
|Partial Discharges (QC)||$0.00|
|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|
|Bankruptcy/Consumer Proposal Administration||$300.00+|
|Payment of Condo Arrears||$150.00+|
|Default Administration||Bankruptcy/Consumer Proposal Administration||Payment of Condo Arrears|
|Annual Statement Reprint||$75.00|
|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)|
|Cheque Processing Fee||$25.00|
|Lapse in Impairment Insurance||$400.00 every 3 months|
|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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