► Perfect Credit                   →  Zero Down  Premium on rate

                                                →   5% Down - Qualifies for best possible rate

                                                →   10 - 19% Down - Best rate and lower CMHC/GE premium

                                                →   20%+ down - conventional mortgage - no insurance or covenant

► Good Credit                      →  100% mortgage Premium on rate

                                                 →  5% Down - Best possible rate

                                                 →  10 - 19% Down - Best rate and lower CMHC/GE premium

                                                 →  20%+ down - conventional mortgage - no insurance or covenant

► Average Credit                →  "A" rates if average - good credit.

► A bit below average        →  "B" rates if credit a bit below average but still reasonable

                                                 →  10% - 20% down or a cosignor may be required.

► Bad Credit                         →  25%+ down required

                                                        May be able to get less down if co-signor available

► Bankruptcy / OPD           → Cannot lend if still in process

                                                 → Can review on case - case basis once 2 years from discharge and credit

                                                       re-established

                                                 → Co-signor or 10%+ down is usually required but can vary