Canada Mortgage and Housing Corporation (CMHC) Mortgage Loan Insurance Refund (Home purchase/construction)
CMHC offers a 10% premium refund on its mortgage loan insurance premiums(e.g., approximately $550 for a $200,000 mortgage with a 5% down payment), as well as extended amortizations to a maximum of 40 years (subject to lender availability) without regular premium surcharges, (e.g. approximately $1,200 for a $200,000 mortgage amortized over 40 years) to individuals who use CMHC-insured financing to purchase an energy efficient home, purchase a home and make energy-saving renovations, or renovate their existing home to make it more energy efficient.
For more information go to Canada Mortgage Housing Corporation
Energy-Efficient Housing Program
Qualifying home buyers can receive a 10 per cent refund on their Genworth-insured mortgages premium.
Through the Energy-Efficient Housing Program, home buyers purchasing an energy-efficient home or refinancing an existing home to make energy-saving renovations with Genworth-insured mortgages are now eligible to receive a 10 per cent premium refund.
Homes built under the following programs will qualify for the 10 percent premium refund without the requirement for an individual EnerGuide evaluation:
•Built Green (TM) Alberta Gold Label Homes
•Novoclimat (MC) (Quebec)
•EnergyStar (R) (Ontario)
•Power Smart (TM) (Manitoba)
•R-2000 (National)
For more informa
tion go to Energy-Efficient Housing Program
Courtesy of BestBiddy
Dave - 360renos
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