XCEED Launches XTRAGREEN Mortgage

TORONTO, April 12 /CNW/ - Xceed Mortgage Corporation [TSX: XMC], a Canadian provider of residential mortgages, today announced that it has launched a new mortgage product. XCEED XTRAGREEN Mortgage™ offers Canadians a reduced rate (XCEED posted rate less 10 BPS) on funds borrowed towards

  1. Purchase of a home (a) which is certified as Energy Efficient level 80, or higher, or (b) which is equipped with a high- or mid-efficiency furnace, alternative energy source (e.g. solar panels, wind turbine system) and/or Energy Star™-rated appliances.
  2. Refinance of (a) renovations to install new windows/doors, a new high- or mid-efficiency furnace, alternative energy source (e.g. solar panels, wind turbine system), new water heater and/or Energy Star™-rated appliances; (b) debt acquired (via car loan) towards the purchase of a hybrid or electric vehicle, or (c) to obtain funds for upgrades towards Energy Efficient certification  (level 75, or higher.)

XCEED will also donate $100 to our partner Evergreen for every XCEED XTRAGREEN Mortgage™ funded. XCEED promotes social responsibility and awareness. We believe that measurable change can be achieved if Canadians do what they can, big or small, to make a difference.

XCEED XTRAGREEN Mortgage™ is available to all eligible Canadian borrowers subject to credit approval.

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 $1.5 billion of mortgages and other assets under administration.  XCEED's shares are traded on the Toronto Stock Exchange (TSX: XMC).  To find out more about XCEED Mortgage Corporation, visit our website at www.XCEEDmortgage.com.

SOURCE Xceed Mortgage Corporation

For further information:

please go to http://xceedxpress.wordpress.com/xtragreen/ or call 1-888-686-2226.

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Xceed Mortgage Corporation

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