March 2 - June 30, 2020 Magenta's Spring Promotion

Your trusted local lender for over 25 years

No matter the weather, or market conditions, we’re here to help our broker partners solve the unique credit needs of their clients.

We’re celebrating the changing season with a promotion on all our first and second mortgages.

Take 30 bps off

our first mortgage rates

Take 100 bps off

our second mortgage rates and 300 bps off our fees

First Mortgage Promotion

30 bps off our standard rates
Details
  • Urban and small centres included
  • Standard lender fees apply
  • Broker payment: 85 bps
  • Deal must be submitted between March 2 and June 30, 2020
  • New business only
  • Deal must be funded by August 31, 2020
Print promo details

Sample Pricing

Urban Centre First Mortgage

  • Sample pricing based on 30 bps off standard rates, 1-year term, closed, 40-year amortization, property located within city limits, access to municipal services and full income documentation. Rate and fee vary by application profile

  • Lender fee is capitalized, minimum fee of $2,000

  • Up to 87.55% LTV for A Credit and 85% LTV for B Credit when fee is included

Second Mortgage Promotion

100 bps off our standard rates and 300 bps off our standard fees
Details
  • Urban centres only
  • No broker payment
  • Deal must be submitted between March 2 and June 30, 2020
  • New business only
  • Deal must be funded by August 31, 2020
Print promo details

Sample Pricing

Urban Centre Second Mortgage
  • Sample pricing based on 100 bps off standard rates and 300 bps off standard fees, 1-year term, open, 40-year amortization, property located within city limits, access to municipal services and full income documentation. Rate and fee vary by application profile
  • Lender fee is capitalized, minimum fee of $1,000
  • Up to 85% LTV for A and B Credit when fee is included

Discover what makes us Canada’s Top Alternative Lender

Register today to take advantage of our spring promotion.
Become a Magenta Broker

Already registered?

Review our submission guidelines before submitting your deal.
Download our submission matrix

Talk to our BDMs

If you have any questions about our spring promotion, products or process, please contact us.

Southwestern Ontario

Matt Vasselin

Regional Sales Manager, Southwestern Ontario

(905) 317-5231
mvasselin@magentainvestment.ca

Eastern Ontario

Darren Campbell

Sr. Manager, Mortgage Origination

(613) 293-0177
dcampbell@magentainvestment.ca