Our Standards
Dear Brokers and Partners,
In this section you will find all necessary information to qualify your client for a Capital Express loan. Every aspect of our underwriting process is underlined. If you already have a Filogix application in pdf, you can upload it here or fill out a full application here.
Property Type
Owner occupied Single family
Detached
Semi-detached
Condo
Plex
Geographic location
Greater Montreal Area (North and South Shore) (consultez la liste complète ici)
Greater Quebec City Area (North and South Shore) (consultez la liste complète ici)
Financial Information
Loan amount between 40,000$ and 900,000$
Term 3 to 24 months
Capitalized at maturity or ou flexible amortization
Interest rate from 7.99% (1st mortgage) up to 14% (2nd mortgage)
LTV: Up to 75% of the collateral’s market value
The Loan
File fees: minimum 3000$ or 3 % of the loan amount (1% to the broker)
Appraisal usually required: ordered by Capital Express at the expense of the client
Payment terms: Interest only
Required documents
Municipal and School taxes (lot number)
Most recent notice of assessment
Borrower’s report
Statement of account of the current mortgage loan
Credit bureau (for informational purposes)
Target Borrower
Temporarily unable to qualify for conventional loan
Investor
Emergency Borrower
Self-employed
SMB Owner
Non-resident
New-immigrant
Real estate developer