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Fast Move Loan

If you’re relying on proceeds from the sale of your current home for the down payment and closing costs on your new home, the Fast Move Loan may be the perfect solution. ENB will loan up to 85% of the equity in the home you’re selling. Affordable, interest-only payments are made until the home is sold (maximum 12-month repayment period). This potentially saves you the hassle of moving twice and allows you to lock in today’s rate for a new mortgage instead of waiting for your current home to sell.

  • Up to 85% loan-to-value available when your home is listed with a real estate professional or under agreement*
  • For customers not listing their home with a real estate professional, reduced loan-to-value options are available
  • Interest-only payments for up to 12 months
  • Escrow for taxes and homeowner’s insurance is not required
  • For loans less than $250,000, title insurance and appraisal requirements may be reduced
  • Loans up to $600,000

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Contact us and we’ll answer your questions.

The ENB Fast Move Program has various terms, conditions and underwriting requirements and are subject to credit approval. Specific loan documentation and disclosures will be
provided to you at the time of application. Loan programs and terms are subject to change without notice. *Reduced loan-to-value options are available if your home is not listed or
under agreement.