Brokers – Residential Mortgages

League Savings and Mortgage offers a full suite of mortgage products. Whether you are purchasing your first home or settling into a condo when retirement beckons, we understand your mortgage needs.

View Application for new brokers →

Mortgage Products

Types of Residential Mortgages

Purchases | Purchase plus improvements | Condominiums | Mini Homes | Modular Homes |

Construction Mortgages | Second Homes and Cottages | Equity Takeouts/Refinances

Broker Commission Schedule
lsmhalifax@aclsm.ca

Purchases

Interested in buying a home but aren’t sure how much you’re qualified to borrow?

Purchases Mortgage >

Construction Mortgages

Interested in building a new home but aren’t sure how much you’re qualified to borrow?

Construction Mortgages >

Equity Takeouts/Refinances

Interested in renovating your home but aren’t sure how much you’re qualified to borrow?

Equity Takeouts/Refinances >

Condominiums

League Savings and Mortgage offer high ratio and conventional financing for condominiums. Refinances and transfers are eligible.

Condominiums >

Purchase Plus Improvements

The purpose of the Purchase Plus Improvements program is to help qualified home buyers tailor improvements…

Purchase Plus Improvements >

Second Home & Cottages

Secondary Home Mortgage allows borrowers to obtain financing on the purchase of a second home…

Second Home and Cottages >

Mini Home

Mini homes can be on owned land or on leased land in a mini home park.

Mini Home >

Modular Homes

A factory-built structure in two or more sections in accordance with provincial and local building codes and transported to the property site for final assemble.

Modular Homes >

Residential Mortgage

Features

Our mortgage features provide flexibility and allow you to tailor your mortgage to meet your financial requirements.

Terms include:

  • Open (6 months) or closed (6 months – 5 years)

Amortization Periods include:

  • Up to 25 years

Payment frequencies include:

  • Weekly, bi-weekly, semi-monthly and monthly

Pre-payment privileges include:

  • Increase your regularly scheduled payment by 20% in a 12 month period
  • Pay an additional 20% of the outstanding balance in a 12 month period
  • At renewal, any amount can be paid down on the mortgage without penalty
  • Can change frequency of payment to weekly or bi-weekly accelerated

Pre-payment penalties are charged for:

  • Paying out mortgage in full prior to maturity date
  • Exceeding pre-payment privilege amounts
  • Click here to see how we calculate our fixed prepayment charges.
  • Click here to see how we calculate our variable prepayment charges.

How can you avoid prepayment charges?

  • Blending the interest rates when refinancing
  • See prepayment privileges above

Broker Commission Schedule

League Savings and Mortgage Broker Commission Schedule

  • 1 year term 15 bps
  • 2-year term 30 bps
  • 3-year term 45 bps
  • 4-year term 60 bps
  • 5-year term 75 bps

Residential Mortgages

Contact us for information about your Residential Mortgage.

Property taxes can be collected with mortgage payment.

Cash back mortgages offered, up to 5% (can not be used for down payment).

Title Insurance is accepted.

More information on mortgages can be obtained by viewing the website of The Financial Consumer Agency of Canada.