Homebuyers Privileges – Canada Mortgage Home Financing
Mortgage Insurers offer savings and discounts to qualified clients on a number of products and services.
Renovation Grants
Get LiveSmart BC government grants for $7,000 for home energy renovations! Check out Home Performance.com for details.
Energy-Efficient Housing Program
Receive a rebate on your mortgage insurance premium and extended amortizations without surcharge. Available for the construction or purchase of an energy -efficient home or purchase or refinance of an existing home where energy-efficient improvements are being made.
There are many benefits, reduced energy use, minimize condensation problems, limit outdoor noise, indoor air quality and humidity levels.
$300,000 mortgage @ 95% LTV with 25-year amortization | |||||
Premium Payable* | Refund | Energy-Efficient Premium Refund | |||
Standard Premium | $8,250 | 10% | $825 | ||
Amortization Surcharge | $600 | Full | $600 | ||
Total Premium | $8,850 | Total Refund | $1,425 |