Who needs an IEC Mortgage?

  • Your debt service ratios exceed conventional guidelines
  • Self-employed; clients with non-verifiable or stated income
  • Recent bankruptcy or credit problems which require fair consideration of all factors
  • Conventional lender guidelines exclude the borrower
  • Equity based lending
  • Fast, efficient service is required

We help you finance

Single-family & multi-family homes

Manufactured homes on freehold property

Duplexes & commercial property

Building lots

Condominiums & Townhouses

Acreages

Other ways we help

Lend up to 60% of assessed value with only our inspection required

Lend up to 75% of appraised value on Revenue Properties

Underwrite loans based on unconventional and stated income

Buy downs of contractual interest rates to reduce payments

Finance foreclosures provided there is sufficient equity

Minimum $50,000 loan

Loan to Value1 Year2 Years
55%8.40%n/a
65%8.65%n/a
75%9.40%n/a
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Minimum $30,000 loan

 

Loan to Value1 Year2 Years
65%10.95%n/a
75%11.95%n/a
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  • 1-year term, Open to prepayment
  • Completion appraisal and plans
  • New Home Warranty Builder
  • Advances on a Cost-to-Complete formula with draw fee
  • Rates starting at 9.95%
  • Building permit & survey
  • LTV to 50% on 1st draw
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Minimum $100,000, plus 1% Lender Fee

Max LTV1 Year2 Years
60%N/AN/A
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  • Loans have a 3-month Interest Penalty to prepay & are non-assumable.
  • Open loans are available upon payment of an upfront lender fee/rate adjustment or both.
  • The interest rate is calculated monthly on all loans.
  • Title Insurance for lender is required.
  • No appraisal required if LVR is less than 60% of 2025 BC Assessment, current pictures and satisfactory Lender inspection in acceptable areas.
  • Appraisals must be dated within 60 days of loan disbursement and provided by an acceptable appraiser.
  • Airmor Investment Services Ltd. is the exclusive agent and underwriter of Interior Equities Corp. Mortgage brokerage fees are usually split between Airmor and the originating broker.
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