Effective 07 March, the interest rate on XCEED’s unique AAA XTRAGREEN™ Mortgage will go down to 2.99%!

“Save up to 6% on a home”

MoneySense

12 February 2013

Romana King

Did you know that your customers can save significantly if they start their home hunt now instead of waiting for sunny skies and warmer temperatures? 

This article summarizes some pros and cons of the winter market for both homeowners and potential buyers. Notably, sellers can take advantage of less than ideal weather conditions to camouflage potential problem areas (e.g. roof, foundation) and buyers can often save thousands of dollars and face less competition in colder months. They can also get a better idea of how their future home performs under the pressure of wind chill by checking draughts at windows and observing how the furnace is managing.

Highlights:

• Homes are often listed for 1% to 6% lower in the winter months (CREA)
• Waiting to buy in June could add $3,500 to $21,000 on a home listed for $350,000 (CREA)
• Advantages for buyers and sellers

Until 15 March, XCEED offers an additional 10 BPS commission on 5-year AAA XTRAGREEN mortgage for total of 135 BPS!

XCEED Adjusts Pricing and Compensation on PRIME Conventional Mortgage Solution

Effective 14 February 2013, XCEED will drop interest rates on 3- and 5- year PRIME interest rates by up to 25 BPS!

PRIME Conventional will now be priced based on LTV (greater or less than 65%) and compensation has been adjusted.

XCEED pays the CMHC premium on all PRIME Conventional mortgages.

New Pricing for PRIME Conventional:

5-Year

LTV < 65%: 3.09% 55 BPS

LTV 65-75%: 3.14% 55 BPS

3-Year

LTV < 65%: 2.94% 45 BPS

LTV 65-75%: 2.94% 45 BPS

View all XCEED interest rates.

Twenty-twelve was another year of change in our industry. Below we’ve outlined a few of the adjustments we made to better serve Friends of XCEED and Customers in the last year. Some changes were based on feedback we received from you and we appreciate the time you take to complete the Annual Broker Satisfaction Survey. We are pleased this year that over 92% of recipients consider us Excellent or Good in all areas. We will work on getting to 100% in 2013 and, as always, we thank you for your partnership and support. Happy New Year!

Rate Hold Period EXTENDED

In October, we extended our rate-hold period from 90- to 120-days!
Save now, Save Later!

New Mortgage Solutions

It was a busy year for our innovation team!
First we introduced the XCEED no fills Simplicity mortgage solution in April. Customers enjoy deep discounts on five-year terms in exchange for fewer bells and whistles.

• reduced interest rates
• 10/10 prepayment privileges
• 5-year terms
• purchase and refinance

Simply the Best Option for Long-Term Savings!

In July, we launched the revolutionary Super PRIME mortgage solution: customers with good credit are rewarded with low interest rates!

• reduced interest rates
• 20/20 prepayment privileges
• minimum Beacon score: 700 (primary applicant)
• purchase and refinance
• 3- and 5-year terms

Super PRIME your Mortgage Today!

New Look!

We started the year by redesigning our website and we are always adding useful tools for Brokers and Customers.

The best way to know what’s going on with XCEED products, interest rates and updates is to subscribe to our RSS feed and follow us on Twitter—that’s where we announce big news first!

Team XCEED

We’d like to take this opportunity to brag a little about the amazing people we get to work with every day at XCEED.

What’s even better is that YOU feel the same way! In our Annual Broker Satisfaction Survey, 98% of recipients rated XCEED BDMS as either Excellent or Good. We’re grateful for your feedback and will work on that last 2% for next year!

It’s So Easy to Be Green!

We combined our standard mortgage solution with our one-of-a-kind Green mortgage to create AAA XTRAGREENTM. We made it easier than ever to save on interest rates, household expenses and you environmental footprint. We donate $25 to Evergreen Canada for every mortgage closed!
That’s a lot of Green!