Take control with uDrive!
Explore our uDrive 2nd Mortgage Rates.
uDrive 2nd Mortgage Rates
Subject to approval and/or change without notice
1 year open term
0% lender fee option open after 6-months
up to 50% LTV
- 10.45% rate & 2% lender fee
- 11.45% rate & 1% lender fee
- 12.45% rate & 0% lender fee
up to 65% LTV
- 10.95% rate & 2% lender fee
- 11.95% rate & 1% lender fee
- 12.95% rate & 0% lender fee
up to 70% LTV
- 11.25% rate & 2% lender fee
- 12.25% rate & 1% lender fee
- 13.25% rate & 0% lender fee
Adjustments may be made based on use of funds, strength of borrower and location, type & condition of property
Rate Surcharges
- Acreages: +0.50%
- Non-resident borrowers: +0.50%
- Holding Companies: +0.25%
- Rural/small towns (pop <10k): +0.25%
General Terms
- $345 documentation fee
- Amortization, up to 35 years
- Renewals offered to borrowers in good standing, at our 0% Lender Fee rate at the time of renewal.
- Renewal fee 0.25% (min $250)
Underwriting Team: uDrive@threepointcapital.ca
Loren Hawkins, National Manager Broker Relations: loren@threepointcapital.ca