Glasslake Funding
Alternative lender in AB, BC and Ontario with amortizations up to 40 years, no stress test, and loans from 200K into the millions. It lends Alberta, British Columbia, Ontario.
Prepayment-penalty method
Fair, contract-rate penalty
If you break a fixed term early, the penalty is calculated the borrower-friendly way, using your actual contract rate. This is usually far cheaper than a big bank's posted-rate method, and it is one of the biggest hidden costs most people never compare.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Buyers of rental or investment property
- Refinances and equity take-outs
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Renewal or switch
- Refinancing
Features
- Interest-only payment option
- Private-sale purchases (no realtor)
Rate types
- Fixed rates
- Variable rates
Where it lends
Alberta, British Columbia, Ontario
Good to know
- Declining prepayment penalty starting at 5 percent of balance
- Refinances capped at 75 percent LTV
How to reach Glasslake Funding
Available only through a licensed mortgage broker, not directly to the public. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Glasslake FundingEducational summary; rates, terms, and approval are set by the lender.
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Other alternative (b) lenders
Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.