XCEED Launches New Super PRIME Mortgage Product for Customers with Great Credit
TORONTO, July 11, 2012 /CNW/ - XCEED Mortgage Corporation [TSX: XMC], a Canadian provider of residential mortgages, announced the launch of the new Super PRIME Mortgage. Super PRIME is an opportunity to save with low interest rates for customers who show a history of responsible credit management.
XCEED Super PRIME is a fully-featured, five-year mortgage solution for customers with exemplary credit history that is competitively priced at XCEED Posted less 25 BPS.
PRIME customers are fully-salaried or BFS Qualified and boast stellar credit histories.
Purchase and refinance
Available for 5-year mortgage terms only
Minimum Beacon Score of 740 (all applicants)
90-day rate hold
Maximum loan-to-value 90% purchase; 80% refinance (CMHC premium will be
charged on refinance deals)
20/20 prepayment privileges
Fully-salaried or BFS Qualified customers only
Down payment from customer's own resources only for purchase
- Monthly, bi-weekly, weekly, accelerated bi-weekly and accelerated weekly payment frequencies
XCEED Super PRIME rewards high credit ratings with low interest rates!
About XCEED Mortgage
XCEED Mortgage Corporation, based in Toronto, is a Canadian provider of residential mortgages that it originates in Canada. The Company has approximately $0.9 billion of mortgages under administration. XCEED's shares are traded on the Toronto Stock Exchange [TSX: XMC]. To find out more about XCEED Mortgage Corporation, visit www.xceedmortgage.com.For further information: