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LENDING RATES*
No longer accepting new loan applications. Rates apply to existing loan clients prior to the discontinuation of sale.
Investment Loans |
Rates are floating based upon a tiered formula as follows:
|
Outstanding Loan
Balance/Original Loan
Amount ($) |
Wealth Builder Investment Loan |
| Regular Pricing (%) |
Mackenzie Preferred Pricing
(%) |
| $0 - 49,999 |
Prime + 1.25 |
Prime + 0.75 |
| 50,000 - 99,999 |
Prime + 1.00 |
Prime + 0.50 |
| 100,000 + |
Prime + 0.75 |
Prime + 0.25 |
| |
Outstanding Loan
Balance ($) |
2 for 1 Investment Loan |
| Margin Call |
No Margin Call |
Regular
Pricing (%) |
Mackenzie
Preferred
Pricing (%) |
Regular
Pricing (%) |
Mackenzie
Preferred
Pricing (%) |
| $0 - 49,999 |
Prime + 1.00 |
Prime + 0.50 |
Prime + 1.15 |
Prime + 0.65 |
| 50,000 - 99,999 |
Prime + 0.75 |
Prime + 0.25 |
Prime + 0.90 |
Prime + 0.40 |
| 100,000 + |
Prime + 0.50 |
Prime + 0.00 |
Prime + 0.65 |
Prime + 0.15 |
| |
Outstanding Loan
Balance/Original Loan
Amount ($) |
Line of Credit (LOC) |
Universal Life LOC - Margin
Participating Life LOC - No Margin
(% per annum)
|
Universal Life LOC - No Margin
(% per annum) |
| $0 - 49,999 |
Prime + 1.00 |
Prime + 1.15 |
| 50,000 - 99,999 |
Prime + 0.75 |
Prime + 0.90 |
| 100,000 + |
Prime + 0.50 |
Prime + 0.65 |
| |
| NOTES |
- B2B Trust Prime: 3.00%.
- Mackenzie Preferred Pricing: clients with Mackenzie funds equal to or greater than their outstanding loan amount qualify. B2B Trust is not affiliated with Mackenzie Financial Corporation or its affiliates.
- The interest rate charged on the Wealth Builder Investment Loan with interest only payments and the 2 for 1 Investment Loan is based upon the outstanding loan balance and fluctuates with changes in prime. The rate for the Wealth Builder Investment Loan with principal and interest payments is based on the original loan amount and fluctuates with changes in prime but not changes in the loan balance.
|
Residential Mortgages |
| |
| Terms |
Posted Rates |
| 6 month Closed |
2.75% |
| 6 month Convertible (any term,
5 year total) |
2.75% |
| 6 month Open |
3.30% |
| 1 year Closed |
3.00% |
| 1 year Convertible (any term,
5 year total) |
3.05% |
| 2 year |
3.40% |
| 3 year |
3.90% |
| 4 year |
4.05% |
| 5 year |
4.10% |
| |
NOTES
- Maximum rate hold period is 120 days for new mortgages, and 45 days
for renewals.
- Rates for rental properties are 0.25% higher than the above posted
rates.
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*"Prime" refers to B2B Trust's prime rate which is variable and subject to fluctuation. If B2B Trust's prime rate changes during the life of the loan, B2B Trust may not necessarily adjust your monthly payment; consequently a balance may be due and payable at maturity. B2B Trust Prime was previously known as MRS Trust Prime. |
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| Effective: September 30, 2011 |
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