We believe in full transparency. [cite_start]The main fees associated with our financing include:
- Administration Fee: 2% of the financed amount [cite: 51][cite_start].
- Legal Fees: Approximately $4,000 - $6,000 due to the complexity of the transaction [cite: 54][cite_start].
- Appraisal Fee: Around $350 for a mandatory property appraisal [cite: 55][cite_start].
- Investment Portfolio Contribution: A $1,000 contribution to the Manzil Mortgage Fund [cite: 56][cite_start].
- Land Transfer Tax: A mandatory provincial or municipal tax paid on property purchases [cite: 57][cite_start].
- Other Closing Costs: Standard third-party costs, such as title insurance fees and home inspection[cite: 58].
