How It Works

*Disclosure on “Loan Examples” Above

Leap Financial is a transparent organization and provides full disclosure on all loan offerings. All the above examples are for discussion purposes only. It is important the reader is aware that the examples may represent the lower priced range of our product offerings. Rates on our loans are subject to change and may vary based on the equity you have in real estate, the state / condition / location of your real estate, your personal financial situation, and the Canadian mortgage market. The examples are all based on interest only monthly payments (you may elect to pick a shorter amortization to pay off your loan sooner)
The Cash Advance in all the loans above represents the net amount of money to be received. The “Gross Amount” for the $50,000 / $100,000 / $250,000 loans in the examples above are $54,750 / $105,750 / $257,750, respectively. The difference between the Gross Amount and Net amount represents closing costs which includes items such as legal fees, appraisals, brokerage fees, etc. (“Fees”). The APR will increase / decrease in the event of higher / lower Fees. Once again, thank you for your consideration.

• Amortizations may range from 5-30 years.
• Borrowers may be required to pay legal, title and valuation services, and insurance as determined by the financial institution.
• Any additional amounts for said required services will affect the effective equivalent rates upward.
• Stated rates are subject to conventional approval requirements, property types and lending areas.
• Rates are subject to change without notice at any time.
• Rates are fixed unless otherwise stated as variable. Mortgages are locked in for the term stated.
• Mortgages may be subject to early repayment penalties
• Applicable to new deals only. Rates can be changed or withdrawn at any time.
• Rate commitment period is available for up to 90 or 120 days from the date of application.