Standard Residential Properties

A B2B Bank Standard Residential Expanded mortgage offers choices so you can help your clients tailor a solution to meet their unique needs. This suite of solutions is ideal for borrowers who may have had past minor credit issues.

Overview

Terms

  • Fixed terms of 6 months, 1 - 5 years, 7 and 10 years
  • Open terms of 6 months and 1 year
  • Convertible term of 6 months

Eligible properties

  • Highly marketable properties
  • 1 - 2 units (1 unit for vacation/secondary home)
  • New construction or existing properties
  • Owner-occupied and non owner-occupied

Payment Frequencies

  • Monthly, weekly, bi-weekly, accelerated weekly, accelerated bi-weekly

Pre-payment privileges

  • Increase payments by up to 15% once per calendar year1
  • Pre-pay up to 15% of original principal once per calendar year

Maximum amortization

  • Up to 35 years

Loan amounts*

  • $50,000 up to $1,000,000

* Loan amount maximum is assessed on a case by case basis.

complementary solutions

Purchase2
Refinance
Vacation/Secondary Home (65%)*
Rental (75%)*

*For details refer to applicable information sheets.

credit guidelines

Min credit score/LTV max:
580 - 599 – up to 70%
600 - 679 – up to 75%
≥ 680 – up to 80%
Max GDS/TDS3:
< 680 – 35%/42%
≥ 680 – 39%/44%

value-added features,
Options and Alternatives

Look Back Rate Guarantee
Portability

1This pre-payment privilege is non-cumulative and is available after the first anniversary of the mortgage.

2Private sale transactions and LTV considered on a case by case basis.

3Debt service flexibilities are based on the overall assessment of the strength of the overall application. Satisfying the minimum credit score requirement alone does not automatically entitle the borrower to debt service flexibilities. All mortgages are funded by, registered in the name of, administered and serviced by B2B Bank. B2B BANK and BANKING THAT WORKS FOR BROKERS are registered trademarks of B2B Bank.

Your clients want a range of payment options and terms, plus access to value-added features. A B2B Bank Standard Residential mortgage offers choices so you can help your clients tailor a solution to meet their needs. This product is ideal for clients who are purchasing, refinancing or transferring their mortgage.

Overview

Terms

  • Fixed terms of 6 months, 1 - 5 years, 7 and 10 years
  • Open terms of 6 months and 1 year
  • Convertible term of 6 months
  • Variable terms of 3 and 5 years

Eligible properties

  • 1 – 4 units
  • New construction or existing properties

Payment frequencies

  • Monthly, weekly, bi-weekly, accelerated weekly, accelerated bi-weekly

Pre-payment privileges

  • Increase payments by up to 15% once per calendar year2
  • Pre-pay up to 15% of original principal once per calendar year

Maximum amortization

  • Up to 35 years

Loan amounts

  • $50,000 - $1,000,000

Complementary solutions

Purchase; Portability; Refinance; Purchase and Refinance Plus Improvements; Vacation/Secondary Home; Rental; Home Equity Line of Credit; Homeowner's Kit

credit guidelines

Max GDS/TDS4: < 680 - 35%/42%;
≥ 680 - 39%/44%;
Max LTV: 80%;

value-added features,
options and Alternatives

Look Back Rate Guarantee
New Construction Extended Rate Guarantee
Portability
Switch/Transfer
Bridge Loan

1VRM CMHC only > 650 credit score required.

2This pre-payment privilege is non-cumulative and is available after the first anniversary of the mortgage.

3For LTV of > 80%, maximum purchase price or as-improved property value must be below $1 million

4Debt service flexibilities are based on the overall assessment of the strength of the overall application. Satisfying the minimum credit score requirement alone does not automatically entitle the borrower to debt service flexibilities.

All mortgages are funded by, registered in the name of, administered and serviced by B2B Bank. HOMEOWNER'S KIT is a registered trademark of Laurentian Bank of Canada. B2B BANK and BANKING THAT WORKS FOR BROKERS are registered trademarks of B2B Bank.

A B2B Bank Standard Residential Alternative mortgage offers choices so you can help your clients tailor a solution to meet their unique needs. This suite of solutions is ideal for borrowers with large equity and borrowers that may have elevated debt ratios or had past credit issues.

Overview

Terms

  • Closed fixed terms of 1 – 5 years

Equity 50 and 65:

  • Closed fixed terms of 1 – 5 years
  • Variable terms of 3 and 5 years

Eligible properties

  • Highly marketable properties
  • 1 – 2 units (1 unit for vacation/secondary home)
  • New construction or existing properties
  • Non owner-occupied 1 - 4 units

Payment Frequencies

  • Monthly, weekly, bi-weekly, accelerated weekly, accelerated bi-weekly

Pre-payment privileges

  • Increase payments by up to 15% once per calendar year1
  • Pre-pay up to 15% of original principal once per calendar year

Maximum amortization

  • Up to 35 years

Loan amounts

  • $50,000 up to $750,000

complementary solutions

Purchase2
Refinance
Vacation/Secondary Home*
Rental*
Equity 50/Equity 65*
Credit Rebuild
 
*For more details refer to the applicable information sheets.

credit guidelines

Min credit score/LTV max:≥ 540
Equity 50 & 65: ≥ 660
Max GDS/TDS flexibilities3:
Vary by product and program

value-added features,
options and Alternatives

Look Back Rate Guarantee
New construction
Extended Rate Guarantee
Portability
Switch/Transfer
Bridge Loan

1This pre-payment privilege is non-cumulative and is available after the first anniversary of the mortgage.

2Private sale transactions and LTV considered on a case by case basis.

3Debt service flexibilities are based on the overall assessment of the strength of the overall application. Satisfying the minimum credit score requirement alone does not automatically entitle the borrower to debt service flexibilities. All mortgages are funded by, registered in the name of, administered and serviced by B2B Bank. B2B BANK and BANKING THAT WORKS FOR BROKERS are registered trademarks of B2B Bank.

Our insured standard residential mortgages offer your clients a range of terms and payment frequencies as well as value added options. CMCH or Genworth-insured mortgages are ideal for clients meeting traditional borrowing criteria, with a down payment less than 20%.

Overview

Terms

  • Fixed terms of 6 months, 1 - 5 years, 7 and 10 years
  • Open terms of 6 months and 1 year
  • Convertible term of 6 months
  • Variable terms of 3 and 5 years1

Eligible properties

  • Conventional: 1 – 4 units
  • Rental: 2 – 4 units
  • New construction or existing properties

Payment frequencies

  • Monthly, weekly, bi-weekly, accelerated weekly, accelerated bi-weekly

Pre-payment privileges

  • Increase payments by up to 15% once per calendar year2
  • Pre-pay up to 15% of original principal once per calendar year

Maximum amortization period

  • 25 years

Loan amounts

  • $50,000 - $1,000,000 Purchase

Complementary solutions

CMHC: Purchase; Improvement Home Renovation and Purchase; Self-Employed (fully verifiable); Income Property

Genworth: Homebuyer 95; Portability; Purchase Plus Improvements; Vacation Home; Secondary Home; Family Plan; Investment Property

credit guidelines

Max GDS/TDS3:
< 680 - 35%/42%;
≥ 680 - 39%/44%;

Max LTV: 95%

Minimum Down Payment: 5% on the first $500,000 plus 10% on any amount over $500,000 and up to $1,000,000.

value-added features,
options and Alternatives

Look Back Rate Guarantee
New Construction
Extended Rate Guarantee
Portability
Switch/Transfer
Bridge Loan

1VRM only > 650 credit score required.

2This pre-payment privilege is non-cumulative and is available after the first anniversary of the mortgage.

3For LTV of > 80%, maximum purchase price or as-improved property value must be below $1 million.

4Debt service flexibilities are based on the overall assessment of the strength of the overall application. Satisfying the minimum credit score requirement alone does not automatically entitle the borrower to debt service flexibilities.

All mortgages are funded by, registered in the name of, administered and serviced by B2B Bank. HOMEOWNER'S KIT is a registered trademark of Laurentian Bank of Canada. B2B BANK and BANKING THAT WORKS FOR BROKERS are registered trademarks of B2B Bank.