RMG Mortgages Update

More great news from RMG!  Our comp promo is back!  Take advantage of our recently reduced rates and add an additional 25 bps on all our Insured/Insurable 5-year Fixed rate products!  And we still have our 3 Year Insured/Insurable Fixed rate special.   More reasons to love RMG!

Make sure to request the “25 Bps Comp Promo” in your notes!

Please note the following requirements apply:

• Insured and Insurable Purchases and Transfers ONLY
• Insured: minimum credit score of 600 for each applicant
• Insurable: minimum credit score of 680 is required for at least one applicant
• Maximum 120 day rate hold
• Promo rates are eligible
• Eligible: Secondary Homes, BFS-Insured Program, RMG Cashback, New to Canada and Pre-approvals have gone live
• Not Eligible: Existing pipeline or Uninsurable loans
• Be sure to request the “25bps Comp Promo” and the applicable product in your submission notes
• A limited-time offer that can be discontinued at any time.

RMG is offering a 3yr Insured & Insurable Fixed Special!!

• Insured                       4.99% Paying 65 bps + 15 bps Incentive = 80 bps
• up to 65% LTV           4.99% Paying 65 bps + 15 bps Incentive = 80 bps
• 65.01% - 80% LTV     5.19% Paying 65 bps + 15 bps Incentive = 80 bps

• Max 25 years Amortization
• Buydowns eligible
• New business only includes existing customers who pay full penalty or at maturity
• Not available for existing pipeline
• Credit Score
• Insurable – minimum 680 beacon for at least one qualifying applicant
• Insured – minimum 600 beacon for each applicant
• Eligible:  Pre-approvals has gone firm, Secondary Homes and New to Canada
• Not Eligible: BFS Insured Program, Existing pipeline deals, Float down
• Please note, specials can be pulled at any time without notice
• Request “RMG 3yr Special” in your RMG Submission Notes!

Below is a list of our latest rate adjustments with total compensation

5-Year Regular Fixed Promotion (120 day Rate Hold):

• High Ratio 4.79% paying 110 bps + 15 bps Incentive + 25 bps Extra Comp = 150 bps
• Insurable up to 65% LTV 4.79% paying 110 bps + 15 bps Incentive + 25 bps Extra Comp = 150 bps
• Insurable 65.01-70% LTV  4.84% paying 110 bps + 15 bps Incentive + 25 bps Extra Comp = 150 bps
• Insurable 70.01-75% LTV  4.89% paying 110 bps + 15 bps Incentive + 25 bps Extra Comp = 150 bps
• Insurable 75.01-80% LTV  4.99% paying 110 bps + 15 bps Incentive + 25 bps Extra Comp = 150 bps
• Uninsurable with a 30 yr. am 5.24% paying 110 bps + 15 bps Incentive = 125 bps

5-Year Regular ARM Rates (120-Day Rate Hold):

• High Ratio P – 0.90% paying 110 bps + 15 bps Incentive = 125 bps
• Insurable up to 65% LTV P – 0.90% paying 110 bps + 15 bps Incentive = 125 bps
• Insurable 65.01 - 70% LTV P – 0.75% paying 110 bps + 15 bps Incentive = 125 bps
• Insurable 70.01 - 75% LTV P – 0.55% paying 110 bps + 15 bps Incentive = 125 bps
• Insurable 75.01 - 80% LTV P – 0.55% paying 110 bps + 15 bps Incentive = 125 bps
• Uninsurable with a 30 yr. am P – 0.40% paying 110 bps + 15 bps Incentive = 125 bps

5-Year LRB Fixed Promotion (120-Day Rate Hold):

• High Ratio 4.79% paying 110 bps + 25 bps Extra Comp = 135 bps
• Insurable up to 65% LTV at 4.79% paying 110 bps + 25 bps Extra Comp = 135 bps
• Insurable 65.01-70% LTV at 4.99% paying 110 bps + 25 bps Extra Comp = 135 bps
• Insurable 70.01-75% LTV at 4.99% paying 110 bps + 25 bps Extra Comp = 135 bps
• Insurable 75.01-80% LTV at 5.09% paying 110 bps + 25 bps Extra Comp = 135 bps

5-Year LRB ARM Rates:

• High Ratio P-0.95% paying 120 bps
• Insurable up to 65% LTV at P -0.95% paying 120 bps
• Insurable 65.01-70% LTV at P -0.80% paying 120 bps
• Insurable 70.01-75% LTV at P -0.60% paying 120 bps
• Insurable 75.01-80% LTV at P -0.60% paying 120 bps

RMG Standard Mortgage Rate Buy Down is .05 off the rate for 20bps off base commission (max rate reduction of .20)

RMG LRB Mortgage Rate Buy Down is .05 off the rate for 10bps off base commission (max rate reduction of .10)

Below are our 5-year RMG Safeguard Second Mortgage Pricing and Variable/Fixed Peace of Mind Cash Back rates:

*Collateral Transfer program – RMG covers FCT and up to $250 off discharge fees on min. $50,000 loan, 10 bps reduction to broker comp applies

Customer Service: MortgageSupport@RMGmortgages.ca or call 1.866.809.5800

Disclaimer - Please note that every attempt is made to ensure the accuracy of the rate scenarios presented above. It is recommended that you further check Gateway for RMG Promo, Published Rates and qualification details. Any formal PDF communication will supersede an error made from the buy-down scenarios presented in this email.