RESL
Maximum duration for Amortization on Conventional mortgages
What is 30 years amortization?
Maximum term for unsecured loan
What is 60 months for unsecured?
$3500 maximum & $500 minimum
What is Maximum/Minimum Limit for ODP?
210 days prior to maturity
What is earliest time that member can renew early without B&E?
In the Christmas song “The Twelve Days of Christmas” there are 5 of these
What are Golden Rings?
Has a fee of $75.
What is (Landcor Automated) Valuator?
Employees must qualify the Borrower at the greater of the contract rate or Prime + 5% for this Lending product
What is LOC Qualifying rate?
Chequing account that comes with Coursera included
What is Elevate chequing account?
Maximum discount members can receive on top of base discount, if members complete their renewal using our new Self-Serve Digital Mortgage Renewal
What is 0.10 bps discount?
When the Grinch discovers the true meaning of Christmas, his heart grows this number of sizes.
What is three?
Mortgage Minimum Qualifying Rate
What is higher of 5.25% or Contract + 2%?
Non spousal cosigner may require this to cosign for unsecured lending over $20k with CCS (Guarantors on mortgage do require this)
What is Independent Legal Advice (ILA)?
Lowest rate Mastercard @ 12.99% that CCS has to offer
What is Centra Gold Mastercard?
CCS LS can give discretion 20bps to this mtg on midterm renewal
What is 5 year variable to fixed conversion?
There is an ongoing debate online about whether this action flick starring Bruce Willis and Alan Rickman is actually a Christmas film.
What is “Die Hard”?
Premium % on Mortgage default insurance charged for CMHC @ 90.01% LTV
What is 4%?
Minimum 680 beacon score is required for this
What is Minimum beacon score for Simplifed lending?
Chequing account that comes with One free Cheque book with 25 singles per year
Maximum credit advisor discretion (on top of base discretion) for Moderate flexibility within 45 days to renewal date for a 2-year term.
What is 10 bps maximum?
This popular holiday tune was originally written as a Thanksgiving song
What is "Jingle Bells"?
65% on the first $1,000,000 and 50% of the balance is the LTV tiering
What is Non Conforming Lending LTV tiering for all other areas?
Student LOC maximum Borrowing Amount
What is $40,000?
Launch date for Coast US Dollar Mastercard
What is June 17, 2024?
402 collateral code
What is Second mortgage residential collateral code?
Who is the magician in Frosty the Snowman?
Professor Hinkle