RESL
Maximum Conventional Mortgages Amortization Length
What is 30 years amortization?
Maximum term for unsecured loan
What is 60 months for unsecured?
$3500 maximum & $500 minimum
What is ODP maximum & minimum limit?
210 days prior to maturity
What is earliest time that member can renew early without B&E?
$375 per month
What is minimum Shelter Cost?
Has a fee of $75.
What is Valuator fee?
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 days renewals can be outstanding after being generated
What is 7 days?
Beacon range for 35%/42% DSR's
What is maximum DSR's for beacon score's between 620-679?
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?
A1 Beacon score range
What is risk rating of 760+ score?
Premium % charge for CMHC at 90% LTV?
What is 4%?
Minimum 640 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 for Moderate flexibility within 45 days to renewal date for a 2-year term.
What is 15 bps maximum?
Calculator used for excess liquidity from a business owner's incorporated company to supplement personal income.
What is Business Surplus Cash Flow Calculator?
65% on the first $1,000,000 and 50% of the balance
What is product limits / LTV tiering for Non-conforming lending 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?
Property that is 409 collateral code
What is rental property collateral code?
$400 proxy and $600 proxy per month
What is Strata Fee Minimum Proxy Amount for areas in BC and that are Elsewhere in Canada?