Green Mortgage

TD Canada Trust introduced the Green Mortgage in effort to help protect the environment.

This mortgage is geared towards customers who are making environmental friendly choices. It can save you money and helps protect the environment with your green home improvement

Rate discount – you will receive 1% off the posted interest rate on a five year fixed rate mortgage.

Cash rebate – they will rebate up to 1% of the amount of mortgage when you make Energy Star qualified purchases, and at the time you receive your rebate, TD Canada Trust will donate $100 to the TD Friends of the Environment Foundation.

Flexibility – this offer is available to new or existing customers. If you have an existing TD Canada Trust mortgage, you can renew or refinance into this offer.

How the rebate works:

For example, say you obtain a Green Mortgage for $200,000 and the posted five year rate is 7.00%. Your interest rate would be discounted to 6.00%. After you obtain Green Mortgage, you then upgrade your kitchen and spend $3,000 on a new dishwasher and refrigerator, both Energy Star qualified.

Next, you submit your receipt to TD Canada Trust and after validating them, they’ll credit you with the maximum rebate of 1% ($300,000 x 1% = $3,000).

What is eligible for the rebate?

A wide range of Energy Star qualified products are eligible for rebate in the following categories:

- Major appliances
- Heating, cooling and ventilation equipment
- Windows, doors and skylights

If you are interested in this Green Mortgage then please visit my website where you can apply online or simply click here to load the application form.

Thank you

Joe Malek, AMP
Accredited Mortgage Professional