RAISING PROPERTY FINANCE
The Royal Bank of Canada usually offer finance of 75% of the deal - you put up 25%.
Mortgages would normally receive interest rates of 6% to 7.60% on terms etc. These can be negotiated depending on the loan to value of the property.
The Bank charges a one-time 1% to arrange the mortgage.
The legal fees for setting up the mortage would be 2%.
The maximum age restriction is 62 Years of age.