XCEED Super PRIME

Product Description

Fully featured, aggressively priced mortgage solution for customers with exemplary credit history. Super PRIME is the only XCEED mortgage solution available for borrowers purchasing or refinancing apartment condominium properties.1

Customer Profile

XCEED Super PRIME rewards high credit ratings with low interest rates! Super PRIME customers have fully verifiable income and boast stellar credit.

Product Details

• Purchase and refinance
• Available for 3- and 5-year mortgage terms
• Minimum Beacon Score of 700 (primary applicant/main income earner) and 620 (all other applicants)
• 120-day rate hold
• Maximum loan-to-value 90% purchase; 80% refinance
• CMHC premium charged regardless of LTV (including LTVs of 80% or less)
• Down payment from customer’s own resources only for purchase transactions
• 20/20 prepayment privileges
• Monthly, bi-weekly, weekly, accelerated bi-weekly and accelerated weekly payment frequencies
• Owner-occupied properties only

1 XCEED will approve townhouse condominium properties under mortgage solutions other than Super PRIME provided they are  located in Ottawa, the Greater Toronto Area (GTA) or the Greater Vancouver Area (GVA).