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. 

 Product Description 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. 

 Customer Profile PRIME customers are fully-salaried or BFS Qualified and boast stellar  credit histories. 

 Product Details  




        --  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
            transactions
        --  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. 

Xceed Mortgage Corporation


CONTACT:  Visit www.xceedmortgage.com or contact:Gleb Ioussoufovitch, Director Sales and MarketingXCEED Mortgage [e-mail][phone] extension 3243 


    

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