Today's Prime Rate: 2.75%
3 Year VRM: Prime - .70%
5 Year VRM: Prime - .65%
Open Variable: Prime + .80%
Chartered Bench Rate: 5.39%
TermOur Rate
6 Month Closed4.65%
1 Year Closed2.54%
2 Year Closed3.30%
3 Year Closed3.50%
4 Year Closed3.89%
5 Year Closed3.64%
6 Year Closed4.85%
7 Year Closed5.15%
10 Year Closed5.49%





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"Two years ago when I decided to sell a mobile home to upgrade to a house, the banks wouldn't look at me because of a single income. I found Dan's web site and called him and within 10 minutes I knew what kind of house I could look for. Recently, I refinanced my mortgage and Dan made everything so simple, it was very easy going. Thanks Dan you made my life so much easier."

Donny H.
Fort McMurray, AB
Green Home

Helping to Make Energy-Efficient Housing Choices More Affordable


Click here for details on the "Eco-Energy Retrofit" cash rebates.


With an energy efficient home with CMHC you may be eligible for a discount on the CMHC insurance premium which will save you money.


Features


  • Available for Purchase or Purchase with Improvements. Also available for Refinance transactions where energy-efficient improvements are being made.
  • 1-4 unit residential properties
  • 10% mortgage loan insurance premium refund available
  • Extended amortization periods, up to 35 years, available without a surcharge
  • Borrowers Debt Servicing Ratios can be calculated using the estimated reduced heating costs
  • Flexible financing options - Single advance, progress advance

Benefits of CMHC's Energy-Efficient Homes Options


  • More Affordable Financing Options - A 10% refund of the CMHC Mortgage Loan Insurance Premium and extended amortization, up to 35 years, without a surcharge are available
  • Competitive Interest Rates - Fixed Rates, Variable Rates, Prime Rate
  • Availability - Available coast-to-coast-to-coast with no set maximum loan amount (individual lender maximums will apply)

Amortization Options


  • Up to 35 years

Borrower Qualification


  • Minimum credit score of 600. Maximum debt servicing ratios of 35/42.

Application Premiums
(Owner occupied properties)		 Surcharges
Loan to value Ratio Premium on Total Loan Amount Premium on Increase to Loan Amount for Portability Extended Amortization = Add 0.20% for every 5 years of amortization beyond the 25 year amortization period.

Blended Amortization = For portability and refinance 0.50%

CMHC Line of Credit/Interest Only Mortgages = Repayment Option:

5 Years (5/20) 0.25%
10 Years (10/15) 0.50%
Conversion from 5/20 to 10/15 0.35%
Up to and Including 65% 1.25% 2.75%
Up to and Including 75% 1.75% 3.00%
Up to and Including 80% 2.00% 3.75%
Up to and Including 85% 3.50% 5.00%
Up to and Including 90% 4.75% 6.25%
Up to and Including 95% Traditional Down Payment VS Non-Traditional Down payment 6.50%
6.75%		 8.00%
N/A