CMHC—–CANADA MORTGAGE AND HOUSING CORPORATION.

And it claims that more than 17% of the enery consumed in Canada is used to run their homes and their Mortgage Loan Insurance for Energy-Efficient Homes assistas qualified borrowers in buying better, more energy-efficient homes and make financing of energy-related home improvements more cost effective.

CMHC’s Mortgage Loan Insurance enables Approved Lenders to offer borrowers more affordable financing choices when purchasing an energy-efficient home or making energy-efficient improvements.

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 40 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

  1. More Affordable Financing Options – A 10% refund of the CMHC,Mortgage Loan Insurance Premium and extended amortization, up to 40 years, without a surcharge are available.
  2. Competitive Interest Rates – Access to CMHC insured financing, and as a result, competitive interest rates.
  3. Availability – Available coast-to-coast-to-coast with no set maximum loan amount.

For more information, you should visited www.cmhc.gc.ca

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