Archive for category: Resource
A recent article on CanadianMortgageTrends.com outlined some of the challenges borrowers are experiencing in qualifying with mortgage lenders due to recent changes to lending guidelines. For example, while some Lenders apply minimum monthly payments on secured credit lines with zero balance, XCEED does not.
We’ve put together a quick infographic to lend some light on how we qualify and quantify deals. We value transparency and efficiency, and do our best to get you quick answers based on the information we have.
If you have any questions, please speak to your dedicated XCEED BDM and Underwriter. We love to hear from you!
Spring Commission Promotion
We’re paying bonus commission on all three- and five-year mortgage solutions through 24 May 2013! Check details here.
Current Interest Rates
|3-Year Closed||5-Year Closed||1-Year Open|
XCEED AAA XTRAGREEN
XCEED Super PRIME
XCEED PRIME Conventional
|LTV < 65%||2.89%||3.04%||N/A|
Rates shown current as of 18 April 2013, subject to change without notice at any time (120 day rate hold). Annual Percentage Rate (APR) means the cost of borrowing for a mortgage expressed through the interest rate including all charges related to the mortgage. APR is based on a $ 150,000 mortgage for the applicable term. The annual interest rate and APR are normally the same as XCEED does not charge fees on mortgages.
Rate premium of 50 bps is added for higher risk applications such as but not limited to ex-bankrupts/consumer proposals and BFS Simplified. XCEED Prime Conventional not eligible for XCEED XTRAGREEN™, XCEED PREP™ or XCEED RRSP Mortgages or to BFS or rental property mortgages. Rate premium will apply to PRIME Conventional mortgages where amortization is more than 25 years. (E&O)
FREE Online Resources
Did you know that we offer free resources online for you and your customers? Download brochures directly from our website or order some here. Continue reading “XCEED XCHANGE UPDATE: Low Interest Rates, Increased Commissions and Free Online Resources” »
The list is long, which reflects well on all of us! If you can’t find something to suit your needs in the summary that follows, why not contact your local government and see what you can initiate – there’s lots of inspiration below!
If you already know what you’re looking for, Environment Canada offers this handy tool to search by region or rebate type. Continue reading “Updated: Green Rebate Programs Across Canada” »
How many emails have you received so far today? You’re busy and, with so many demands on your time and attention, we never want to add to the noise. Our weekly updates are meant to be quick hits of what’s going on and where our rates are sitting. Unfortunately, the messages don’t always get through and you might miss important news. Sometimes that can be solved by simply adding firstname.lastname@example.org to your Safe Senders list.
Luckily, there are many ways for you to stay in touch and always be in the know when it comes to XCEED interest rates, products and news.
Your guaranteed best source of up-to-date XCEED information is our website. Everything we do and say is posted here. Check interest rates regularly and make note of any changes or promotions on our XPRESS news page.
There is no denying the impact of social media and mobile communication. We often announce important news, like interest rate changes and promotions on Twitter first, as it is immediate and allows for instant dialogue. XCEED BDMs amplify those messages to ensure they’re seen by all Twitter contacts.
XCEED on LinkedIn offers updates on products and promotions, as well as job opportunities and press releases. Connect with us on LinkedIn.
Subscribe to our updates and you will never miss XCEED news again! Use you existing application to add us to your feed.
It’s that time of year again. Ads heralding back-to-school sales have been running for almost a month already, so yes, it’s time to pack the kids into the car for a day (or two or three…) of shopping for clothes, supplies, gadgets, gizmos and all the must-haves for the new school year. If you plan well, it doesn’t have to be such a time and money vacuum and if you take the right approach, it’s actually a great opportunity to pass on some money management lessons in context, which is really the most effective way to teach children. Continue reading “Back to School Shopping: Saving Money and Teaching Your Kids Smart Spending Habits” »
Green Home Improvements to Boost Value and Save Money
Some studies suggest that Green homes sell faster, which is important in a tough market where added value is king and buyers are more informed than ever before. Whether you’re looking to make some eco-upgrades to your forever home or increase the value of your home for a move, you need to know what makes sense, what sells and what will save you money. Here are some ideas for projects, big and small, that will lower your monthly bills, put some cash back in your wallet, decrease energy use and build house value. Continue reading “Green Homing Upgrades ROI” »