XCEED RRSP Mortgage
XCEED RRSP Mortgage offers Canadians competitive rates on funds borrowed towards a contribution to an existing Registered Retirement Savings Plan (RRSP). The goal of this product is to motivate savings for long-term life goals, such as travel and retirement via a highly competitive product with minimum conditions and a cash-back towards the same RRSP. The product is offered for refinance only.
The minimum required contribution from funds borrowed is $1000. In addition to rate savings, XCEED will contribute $500 to same RRSP. This means a minimum contribution of $1500.
XCEED RRSP Mortgage appeals to customers interested in building retirement savings through existing home equity.
- Salaried customers
XCEED Conventional Posted
- Refinance only
- Three- and five-year mortgage terms
- Maximum 75% LTV
- 120-day rate hold
- Salaried customers only
- Owner-occupied properties only