INSURED – Pays 115 Bps

Term / Rate / Comp
5-Year / 60 day quick close / 3.14% / 115 Bps
90 day quick close / 3.14% / 115 Bps
120 day closing / 3.14% / 115 Bps
Variable / P-.75% / 115 Bps

UNINSURABLE - PRIMARY HOME(Refer to your portal for detailed rate sheets)

Term / Beacon ≥ 750 / Beacon ≥ 700 / Beacon ≥ 650
1-Year / Fixed / 2.79% / 2.84% / 2.94%
2-Year / Fixed / 3.19% / 3.24% / 3.29%
3-Year / Fixed / 3.14% / 3.19% / 3.24%
3-Year / Variable / P-0.75% / P-0.70% / P-0.65%
1% Setup fee shall be charged on 3 year VRM uninsured owner-occupied deals and broker compensation will be standardized at 50 bps for all broker types.

Rentals/Second Home(Refer to your portal for detailed rate sheets for beacon at 600 or >)

Rental / Beacon ≥ 700 / Beacon ≥ 650 / Beacon ≥ 620
1 -Year
2-Year
3-Year
3-Year
/ Fixed / 2.89% / 3.04% / 3.14%
Fixed / 3.29% / 3.39% / 3.44%
Fixed / 3.24% / 3.34% / 3.39%
Variable / P+0.00% / P+0.10% / P+0.10%
Rate Premiums for UNINSURABLE
Above 25-Year Amortization (up to 30) / 5bps
ETO > $200K / 10bps
Loan amount between $950k and $1.5M / 5bps
*Rate Buy downs e.g for a Hi Ratio Purchase deal
5 bps of rate buydown = 20 bps of payout, so
3.14% = 115 Bps payout
3.09% = 95 Bps payout
3.04% = 75 Bps payout
2.99% = 55 Bps payout / *Variable e.g for a High Ratio Purchase deal
P- .75%= 115 Bps
P- .80%= 95 Bps
P- .85%= 75 Bps
P- .90% = 55 Bps
SPECIAL PROGRAMS
Important Notes
• 120 day rate hold for purchase, 90 day rate hold for transfers.
• U Curve applies to all commitments, the lowest rate between the date of commitment and the day of closing is applicable.
• Rate Buy down is available for both fixed and variable products (Pre-Approvals excluded). Every 5 bps of interest bought down will cost 20 bps of
Commission. Maximum allowable buy down is 25 bps of mortgage rate. All buy-downs are applied to rate reductions automatically unless other notified
in writing at time of rate change. Please see ICICI bank u-curve and/or Buy-down policy regarding rate changes and applying a buy-down to the rate.
• Insured Transfers must include existing insurance number.
• Pre-Approvals qualified at ICICI Banks posted rate.
• Minimum beacon of 600 for HR and 680 for Conventional mortgages.
• Rate premium may be added for Conventional mortgages with beacons at or below 720 and LTV of 75-80%
BDM Contact / Region / Phone number / E-mail
Charan GK / GTA &Northern Ontario / (416) 797-5195 /