Mortgage Products and Market Service Area   

The following mortgages† qualify at best rates: 

Residential owner occupiedo Conventional up to 80% LTVo High ratio up to 95% LTV (CMHC/Genworth)

Residential rentalo Conventional up to 75% LTVo High ratio up to 80% LTV (CMHC/Genworth)

Non income qualifier owner occupiedo Conventional up to 65% LTV

Equity lines of credito Conventional up to 65% LTVo Up to 80% LTV for borrowers with PCU conventional mortgage (fixed/variable)o Maximum of $500,000

The following mortgages† are available – please contact us for rates: 

Cultus Lake lease lot

Native lease land

Recreational property

Remediated grow‐op 

Market Service Area: 

Lower Mainland Urban – Abbotsford; Burnaby; Chilliwack, including Sardis and Vedder Crossing;Coquitlam; Delta; Ladner; Langley City and Township of Langley; Maple Ridge; Mission; New Westminster; North Vancouver; Pitt Meadows; Port Coquitlam; Richmond; Surrey; Tsawwassen; Vancouver; West Vancouver, and White Rock 

Lower Mainland Rural – Cultus Lake; Yarrow; Rosedale; Agassiz; Harrison Hot Springs; Hatzic, andDewdney 

Okanagan Urban – City of Kelowna; Westbank; West Kelowna; Westside; Penticton; Summerland, andVernon including Coldstream, Okanagan Landing and Kamploops

Okanagan Rural – Those communities along the Highway 97 corridor from Salmon Arm to Osoyoos,including Naramata

Additional Information: 

Broker applications and supporting documentation to be provided via secure email or fax

To avoid Prospera emails being directed to “spam” or “junk” folders, add postmaster@prospera.ca toyour contacts

Title insurance is required on all mortgages

Appraisals are completed via Brookfield RPS

Cash back is available up to 5% to a maximum of $25,000 (cannot be used as down payment)

Broker may buy down the mortgage rate at a reduced commission

Construction mortgages are excluded from the mortgage broker program

Three month rate guarantee

Properties listed for sale or under active contract are restricted to equity lines of credit

Second mortgages are excluded

Service Standard:  Our objective is to provide a turn‐around time of 4 hours or less. Maximum turn‐around time is one business day.

1.877.888.5599 brokercentre@prospera.ca 

 

Effective Feb. 2, 2016 † Certain terms and conditions apply and can change without notice 

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Mortgage Products and Commissions* 

     

 

   

Broker mortgage rates are emailed when changes occur

Broker commissions are paid weekly

Mortgage Broker Volume Bonus*  

 

  

 

 

 

 

 

 

  Overview 

Volume is based on fixed, variable rate and ELOC mortgages funded in one calendar year.

Volume bonus commission is paid retroactive to the first dollar funded within the calendar year.

Volume bonus is calculated at the previous year end tier. Tiers increase based on current year’s funding.

For examples below, assume all funded mortgages have 5 year terms… 

Example #1 

In 2014, a broker sends $12M and earns 95 bps in Tier 2, paid retroactively on all dollars funded in currentcalendar year when Tier 2 was hit. 

In 2015, that broker would start earning Tier 2’s 95 bps from the 1st dollar funded. That broker would onlyhit Tier 3’s 100 bps after $15M is sent in 2015. 

Example #2 

In 2014, suppose that same broker who started at Tier 2’s 95 bps, sends only $8M.

In 2015, that broker would drop to Tier 1 and start earning 90 bps from the 1st dollar funded. That brokerwould only hit Tier 2’s 95 bps after $10M is sent in 2015.

Example #3 

Instead suppose that in 2014 the same broker who started at Tier 2’s 95 bps, sends $16M. That brokerwould be paid Tier 3’s 100 bps retroactively after $15M was sent. 

In 2015, that broker would start earning Tier 3’s 100 bps from the 1st dollar funded.

1.877.888.5599 brokercentre@prospera.ca 

 

Product  Commission

1 year closed  .50%

2 year closed  .50%

3 year closed  .60%

4 year closed  .70%

5 year closed  .80%

5 year VRM  .80%

ELOC  .30% (on approved limit)

Tier 1 $5‐10 Million 

Tier 2$10‐15 Million 

Tier 3$15 Million + 

BASE  BONUS  TOTAL  BASE  BONUS  TOTAL  BASE  BONUS  TOTAL 

1 year term 

.50%  .10%  .60% .50% .15% .65% .50%  .20% .70%

2 year term 

.50%  .10%  .60% .50% .15% .65% .50%  .20% .70%

3 year term 

.60%  .10%  .70% .60% .15% .75% .60%  .20% .80%

4 year term 

.70%  .10%  .80% .70% .15% .85% .70%  .20% .90%

5 year term 

.80%  .10%  .90% .80% .15% .95% .80%  .20% 1.00%

ELOC  .30%  .10%  .40% .30% .15% .45% .30%  .20% .50%

Effective April 1, 2015    *Rates and terms are subject to change without notice.

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Mortgage Prepayment Options 

1. Be mortgage free sooner with up to 20% principal prepayment each year

On each anniversary date of the Interest Adjustment Date (or the date of the first advance of

any portion of the Loan Amount, if there is no interest adjustment date), when not in

default, the Borrower has the right without notice or charge to prepay an amount not

exceeding the specified percentage of the Loan Amount set out in the Loan Agreement. This

prepayment option is not cumulative and unused amounts cannot be carried forward by the

Borrower in future years.

2. Be mortgage free sooner with the ability to increase your regular payment by up to 20% each year

Once in any calendar year, when not in default, the Borrower has the right, by notice in

writing to the Lender, to increase the Periodic Payment Amount in effect by an amount not

exceeding the specified percentage of the Periodic Payment Amount set out in the Loan

Agreement. This prepayment option is not cumulative and unused amounts cannot be

carried forward by the Borrower in future years.

Mortgage Prepayment Penalties 

Except as otherwise provided in the Loan Agreement, the Borrower has the right, at any time when not in 

default, to prepay the whole or any portion of the principal balance outstanding under the Loan 

Agreement without notice, upon payment (without discount, reduction, or deduction of any kind 

whatsoever and specifically without any present value discount, reduction, or deduction) of the greater 

of: 

a. 3 months’ interest on the outstanding principal amount prepaid calculated at  the interest

rate in the Loan Agreement or

b. The interest for the period from the prepayment date to the Balance Due Date on the

amount prepaid, calculated at the difference between the:

i. Interest rate in the Loan Agreement, less the

ii. Rate of interest determined by the Lender in its sole discretion to be the

interest rate that would be in effect on the prepayment date if the Lender was

at that time prepared to lend to the Borrower on the same terms (including

prepayment rights) as the Loan Agreement for a term from the prepayment

date to the Balance Due Date

Plus, in addition to a) or b), the unamortized portion of all incentives. 

Other Applicable Costs: 

Discharge fee: $75.00

Late payment fee: $45.00 (applied 5 days after mortgage payment due date)

Renewal Fee: $85.00

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Prospera Broker Centre  Certain terms and conditions apply 1.877.888.5599  and can change without notice. brokercentre@prospera.ca

Welcome to Solidifi Values™

Thank you for taking the time to read this document. We appreciate your business and are

looking forward to building our relationship with you.

This user guide is designed to assist you by illustrating the simple steps of signing up with

Solidifi, placing an appraisal order and navigating through the site.

If you have questions or concerns, please contact Solidifi at 1-866-583-3983 or email us at

support@solidifi.com.

Solidifi Support hours of Operation:

Monday to Friday from 8AM EST - 8PM EST

Saturday 12PM EST - 4PM EST

How to sign up with Solidifi:

If you don’t already have a user ID, please access our website at https://values.solidifi.com to

complete the New Broker Registration form. You will receive an email confirming your user ID

and password.

Welcome to Solidifi Values™

How to Order an Appraisal Report

1. Once you have logged into Solidifi Values, click on the “Create New Order” tab to

access the order entry screen

2. Enter the Required Information using the ‘Address Search (free text)’ bar.

By using the ‘Address Search’ feature, the required information will automatically

populate in the fields below.

Welcome to Solidifi Values™

3. Select the lender you are requesting the appraisal report for

4. Select your required appraisal service type

Welcome to Solidifi Values™

5. Enter your File Information

Enter the borrower’s first name, last name and loan reference number as required

Select the appropriate Purpose and Service Type Option from the drop down fields

provided

Enter the Purchase Price/Estimated Value and the Mortgage Amounts in the required

fields, this will automatically calculate your LTV ratio

Welcome to Solidifi Values™

6. Notification and Delivery Options

Enter underwriter’s email address in this field in order for the underwriter to be

automatically notified by email when report is complete

7. Appraiser Selection

Click the Select your Appraiser button to enter the appraiser selection screen

The appraiser selection screen will contain a list of appraisers who service the

postal code region of the subject property

The Price column contains the appraiser’s base fee including the Solidifi

management fee. (Please note, appraisers may send additional fee increases

through Solidifi for various reasons i.e. mileage, executive homes, waterfront,

acreage, etc.)

Select your appraiser and then click on the submit button

8. Access Information & Special Instructions

o Supply the contact information of the person that will be granting access to

the subject property

Welcome to Solidifi Values™

o Use the special instructions to request any additional information outside

of the scope of a standard appraisal, for example:

i. Multiple values

ii. Make note of any property issues

iii. Special instructions for Acreages

You may then proceed to confirm and submit your order to Solidifi, if any

information needs to be changed after submitting the order you may contact us

directly to make the required changes.

9. File Attachments

You may upload any electronic copies of documents you wish to send the

appraiser (i.e. Purchase Agreements, Plans & Specs, etc.)

Welcome to Solidifi Values™

Once you have completed all of the required fields in the order entry screen, you

may submit your order and begin the appraisal process. Simply click the “submit”

button.

10. Solidifi Payment Options

Borrower pay by Credit Card:

i. A valid email address must be provided for the Borrower as Solidifi

will send a payment notification email with instructions on how to

complete payment pre-authorization

ii. Brokers should follow up with Borrowers in arranging pre-

authorization to avoid delays with the order

Broker pay by Credit Card

iii. Broker may provide their own credit card details to proceed with

the payment

iv. Broker may provide Borrower’s credit card details to proceed with

payment on Borrower’s behalf.

Please note that Solidifi will not be able to proceed with the Appraisal request

without pre-authorized payment on file. If after 5 business days a payment

authorization has not been made, Solidifi will cancel the order request.

Welcome to Solidifi Values™

11. Fee Increase Requests

Appraisers may send fee increases through Solidifi for various reasons (i.e.

mileage, executive homes, waterfront, acreage, etc.)

Fee increase amounts vary by appraiser

Brokers may accept or decline the request at any time

Click on the “Submit Order” button after verifying Payment Information.

You will receive an Order Confirmation with your Order #

Welcome to Solidifi Values™

If the broker declines the fee increase, please reassign a new appraiser or send

a message Solidifi with direction on how to proceed with the appraisal request