Alternative (B) Lender Broker only 🔑 Broker only

IC Savings

Ontario-only alternative lender with no minimum credit score on uninsured deals and flexible common-sense underwriting for self-employed and rental borrowers. It lends 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 cost

Who 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

Cash-back option
Interest-only payment option
Private-sale purchases (no realtor)
Portable (move your mortgage to a new home)

Rate types

Fixed rates
Variable rates

Where it lends

Ontario

Good to know

Lends in Ontario only
Lower LTV and amount tiers apply on the portion above $1M and on rural/well-and-septic properties

How to reach IC Savings

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 IC Savings

Educational 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.