Phase 3 Mortgage – Vintage Garden

Vintage Garden

Phase III is a quality life lease residence with mortgage financing plan arrangement

* Vintage Garden III can arrange residential mortgage financial plans with Royal Bank of Canada

PURCHASERS’ FINANCING PROGRAM

St. John’s McNicoll Centre, in conjunction with Royal Bank of Canada, is pleased to offer the following financing program for purchasers at Vintage Garden. Program Details:

The unit must be owner-occupied, or occupied by immediate family members (e.g. father/mother/son/daughter/brother/sister) who are purchasing on behalf of their parent(s) or sibling(s).
Independent Legal Advice (ILA) is required for both the purchaser and the occupant.
The maximum mortgage amount will be based on 65% of the purchase price or the value as appraised by RBC.
The maximum amortization period of the mortgage will be 15 years.
The terms, interest rates, features and conditions will be similar to existing residential conventional mortgage products available through RBC.
Title insurance policy with a life lease endorsement in lieu of lawyer’s opinion on Title.
RBC Home Protector Insurance is available.

For further information, please contact:

Tracy Lin

Mortgage Specialist, Royal Bank of Canada

Cell: 416-666-3638

Tracy.lin@rbc.com

169 Enterprise Blvd., Markham, ON L6G 0E7

* Residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions apply. Other terms and conditions apply.