This is the funded amount of the mortgage. This is the amount needed to fund this opportunity. This amount can be split between your registered funds, personal cash & corporate cash. We can not add a 2nd person to this total.
This is the municipal address of the main property, there maybe additional properties that this mortgage is also secured to.
This is the length of time the mortgage is committed to by the borrower and lender. the standard is 12 months, but based on the file and expectation of the exit, this can be 24 or 36 months
This is the lesser of either the appraised value or the purchase price.
This is the expected monthly payment to the lender. This payment will include the principal repayment if this mortgage has an amortization. This payment is subject to change based on the payment frequency set after funding.
This is the rate that (you) the investor receives, DMS deducts a 1% administration fee from the borrowers payment to allow for administration of the loan.
LTV = Loan To Value | This is the percentage of the loan to the "AS IS" appraised value of the property or properties. If this is a purchase the LTV is based on the lower of the two values (either the purchase price or the appraised value).
Loan Amount/Confirmed Value = LTV
This is the position of the mortgage registration on title. This lays out the order of payouts required to clear the title or sell the property. At DMS we do not fund 3rd position mortgages.
This is the value the municipal government has placed on the property to assess the property taxes due by the property owner.
This is the expected monthly payment to the lender. This payment will include the principal repayment if this mortgage has an amortization. This payment is subject to change based on the payment frequency set after funding.
Subject is a top-floor, apartment-style residential condominium in the Somerset complex, Edmonton. The unit offers approximately 76 square metres, two bedrooms and two bathrooms, with underground parking. Built circa 2004, condition is good with modern finishes. Marketability is strong within a stable, well-established neighbourhood and favourable access to amenities nearby.
