2nd position mortgages are primarily advanced on residential properties. Loan to values (LTV) are kept under 80% on highly saleable homes in urban areas (with plenty of comparable homes close by). If the residence is unique, in a more rural area, and/or high in value (compared to the average family home) then LTV thresholds is 70% and under. Add Comment |  Brokers - please complete our 1 page Broker Application. Scan/email/fax with borrower's Credit Bureau, Credit Application and recent property Appraisal for fastest response. Fax number: 604-608-5466 or email apps@altapacificmortgages.com
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