Residential Products

Caplink has a variety of residential first and second mortgage products that can be customized to suit your client’s needs. We are invested in your success and will work with you to get your deal done. With over 28 years of lending experience we can structure your deal to accommodate almost any situation.

Caplink is the preferred choice for alternative residential mortgage financing because we offer:

  • Competitive rates
  • Fast approval times
  • The ability for you to set your fee
  • No beacon score concerns
  • Access to a large mortgage capital base
  • Unparalleled experience in private mortgage lending
  • In depth knowledge of both the Alberta, BC and Saskatchewan market
  • Flexible terms and renewal conditions

We commit, we fund

Residential Product Overview

LTVs

First and Seconds

  • 75-85% in major urban centres.
  • Up to 75% on apartment style condos.
  • 65% on urban acreages
  • 50-55% smaller market areas

85% Firsts (Alberta only)

  • 85% in major urban centres. Must have provable income.

Rates & Fees

  • Start at 6.5% for Firsts and 10% Seconds
  • Lender Fees- 2% on Firsts, higher on Seconds (minimum $3500);
  • Broker Fees- You set! (Cannot exceed Lender fee)

Market Area

  • Alberta
  • British Columbia
  • Saskatchewan (must be in corporate name)

Standard Guidelines

  • Terms standard are 1 year, can be longer if requested
  • Amortization up to 30 years or interest only
  • 3 months interest pre-payment penalty on closed mortgages
  • Fully open terms available (rates & fees may be adjusted)
  • Appraisal required on all deals. (CRA or AACI only) Caplink will also have their realtors’ opinion of value. Lesser of which will be used to qualify.
  • All mortgages renewable, low renewal fees.

*Rates and fees are based on market area, property condition, borrower’s ability to pay and income verification (if any). Subject to change without notice