If you’re hunting for a mortgage and you’re able to put down 20%, you’ve now got one more option. Street Capital has just launched a new line of conventional fixed and variable-rate mortgages.
As most in the industry are aware, Street Capital Financial Corporation is a Canadian wholesale lending company. It’s worked hard to build a name for itself with nicely discounted rates and broker-friendly policies.
Street is especially competitive with 1-4-year terms, where it is currently offering among the lowest rates in the industry (e.g., near 3% on a 3-year fixed!).
Street’s new conventional mortgages are very similar to it’s high-ratio lineup. Key benefits include:
Solid prepayment privileges
A maximum mortgage amount of $1.5 million (with no annoying “sliding scales” to reduce allowable loan-to-value)