If you:
>>buy an energy-efficient home;
>>purchase a house and make energy saving renovations; or,
>>renovate your existing home to make it more energy efficient,
you could have the flexibility of extending your amortization (the time required to repay your mortgage) from 25 years to a maximum of 35 years. This means your mortgage payments can be more affordable at an earlier stage in your life when your income may not be at its peak. You may also qualify for a 10% insurance premium refund from Canada Mortgage and Housing Corporation (CMHC). In addition, homeowners may also be eligible for a federal grant through Natural Resources Canada (NRCan).
This program is made available in part through CMHC. For more details on how you can qualify for the Energy-Efficient Mortgage, speak to one of our Financial Service Representatives or visit http://www.cmhc.ca/en/co/moloin/
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