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Fees will depend on the type of lenders you end up using.

For “A” lenders there are no lender fees involved. The same as if you went into a bank, but with Alternative Lending.ca you’ll get better service and better advice and better rates.

For “B” lenders the lender fee is in the range of 0% to 2%. Considering CMHC charges an insurance premium of 3.3% for some self-employed people with 20% down payment and “B” lenders do not charge an insurance premium at all, you may not be paying much more through a “B” lender.

For “C” lenders the lender fee typically is around 2% to 4%, but it can be more. The fees are taken from the proceeds of the loan so it is never paid out of pocket.