{"id":9739,"date":"2022-01-22T07:23:06","date_gmt":"2022-01-22T07:23:06","guid":{"rendered":"https:\/\/www.matrixmortgageglobal.ca\/?page_id=9739"},"modified":"2022-01-24T11:38:24","modified_gmt":"2022-01-24T11:38:24","slug":"matrix-money","status":"publish","type":"page","link":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/matrix-money\/","title":{"rendered":"Matrix Money"},"content":{"rendered":"\n\n\t\t

Matrix
Money<\/h3>\t\t\t\n\t

Flexible solutions when turned away from traditional lenders. The Matrix Money is an extension of our CAPL mortgage products. Ideal for clients with a proven repayment history and are looking for a lower rate. Now introducing volume bonus exclusively on Matrix Money.<\/p>\n\t\n\n\n\n\n\n\n
PRODUCTS<\/th>\nRATE<\/th>\nCOMMITEMENT FEE<\/th>\n<\/tr>\n<\/thead>\n
MONEY 65<\/th>\n\n\n<\/tr>\n
1 Year<\/th>\n5.24%<\/td>\n3.00%<\/td>\n<\/tr>\n
2 Year<\/th>\n5.14%<\/td>\n3.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

65% LTV, MIN 600 BEACON<\/p>\n\t\n\n\n\n\n\n\n
<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
MONEY 75<\/th>\n\n\n<\/tr>\n
1 Year<\/th>\n5.99%<\/td>\n3.00%<\/td>\n<\/tr>\n
2 Year<\/th>\n5.99%<\/td>\n3.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

75% LTV, MIN 620 BEACON<\/p>\n\t\n\n\n\n\n\n\n
<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
MONEY 80<\/th>\n\n\n<\/tr>\n
1 Year<\/th>\n6.99%<\/td>\n3.00%<\/td>\n<\/tr>\n
2 Year<\/th>\n6.89%<\/td>\n3.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

80% LTV, MIN 620 BEACON<\/p>\n\t

\n\t\t\t\tTERMS & CONDITIONS\n\t\t\t<\/h3>\n\t\n\n\n\n\n\n\n\n\n\n
Income Verification<\/th>\nReasonability<\/td>\n<\/tr>\n
TDS<\/th>\nMax 50% (Using posted rates)<\/td>\n<\/tr>\n
Maximum Mortgage<\/th>\n$750,000 (With $1,000,000 in GTA & GVA)<\/td>\n<\/tr>\n
Occupancy Type<\/th>\nOwner occupied (Rental up to 4plex under 1
\ntitle with 1 unit owner occupied)<\/td>\n<\/tr>\n
Max Amortization<\/th>\nP&I payments up to 35 years or interest only
\npayments<\/td>\n<\/tr>\n
Valuation<\/th>\nFrom approved appraisal list<\/td>\n<\/tr>\n
Inspection<\/th>\nNot required<\/td>\n<\/tr>\n
Prepayment Penalty<\/th>\n1 year – Open on 3 months interest
\n2 years – Open on 4 months interest<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t

\n\t\t\t\tLOCATION\n\t\t\t<\/h3>\n\tA (ON, BC, & AB)<\/strong>
\n(See our Lending Areas page for definition)\n\t

\n\t\t\t\tPROPERTY TYPE\n\t\t\t<\/h3>\n\t\n\n\n\n\n\n\n\n\n
LTV<\/th>\n65%<\/td>\n75%<\/td>\n80%<\/td>\n<\/tr>\n
Single Family<\/th>\n\n\n<\/th>\n\n\n<\/th>\n\n\n<\/th>\n<\/tr>\n
Duplex<\/th>\n\n\n<\/th>\n\n\n<\/th>\n\n\n<\/th>\n<\/tr>\n
4plex<\/th>\n[one unit must be O\/O]<\/td>\n<\/tr>\n
Townhouse<\/th>\n\n\n<\/th>\n\n\n<\/th>\n\n\n<\/th>\n<\/tr>\n
Strata Townhouse<\/th>\n2<\/sup><\/th>\n2<\/sup><\/th>\n2<\/sup><\/th>\n<\/tr>\n
Apartment Condo1<\/sup><\/th>\n2<\/sup><\/th>\n2<\/sup><\/th>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n1<\/sup> Min 600 sq ft & building must be 20 years or newer
\n2<\/sup> GTA & GVA only\n\n","protected":false},"excerpt":{"rendered":"

Matrix Money Flexible solutions when turned away from traditional lenders. The Matrix Money is an extension of our CAPL mortgage products. Ideal for clients with a proven repayment history and are looking for a lower rate. Now introducing volume bonus exclusively on Matrix Money. PRODUCTS RATE COMMITEMENT FEE MONEY 65 1 Year 5.24% 3.00% 2…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9739","page","type-page","status-publish","hentry"],"yoast_head":"\nMatrix Money - Matrixmortgageglobal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/matrix-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Matrix Money - Matrixmortgageglobal\" \/>\n<meta property=\"og:description\" content=\"Matrix Money Flexible solutions when turned away from traditional lenders. The Matrix Money is an extension of our CAPL mortgage products. 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The Matrix Money is an extension of our CAPL mortgage products. Ideal for clients with a proven repayment history and are looking for a lower rate. Now introducing volume bonus exclusively on Matrix Money. 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