We believe in full transparency. The main fees associated with our financing include:
- Administration Fee: 2% of the financed amount.
- Legal Fees: Approximately $4,000 - $6,000 due to the complexity of the transaction.
- Appraisal Fee: Around $350 for a mandatory property appraisal.
- Investment Portfolio Contribution: A $1,000 contribution to the Manzil Mortgage Fund.
- Land Transfer Tax: A mandatory provincial or municipal tax paid on property purchases.
- Other Closing Costs: Standard third-party costs, such as title insurance fees and home inspection.
