Money Mastery: The Fun Way to Get Financially Fit

A dedicated specialist will provide assistance to new and existing with the mortgage financing process.  Staff will benefit from closing cost credits, reduced interest rates and various mortgage financing service discounts along with onsite and/or virtual financial education and training.

All employees will receive access to our Infinity Plan. Perks include:

• Cash Rebate
• Reduced Interest Rate
• Discounted services
  • Legals
  • Appraisals
  • House Inspections
  • And more

You may also chose to reduce your staffs cost of borrowing further by:1. Buying down their already low interest rate; or
2. Gifting a portion of their down payment or
3. Providing additional monthly pre-payment installations help pay their mortgage down faster.

Simple.

1. Click on the Get Started link.

2.Complete the 3 minute registration form.

3. Your account will be set up within hours of submitting your application and a notification email sent to the work address provided.

The Infinity plan is non-tax deductible as the rebates and savings are incurred at our end.

The subsidized portion of  your employee's interest rate or down payment is indeed tax deductible.

NOTE:  Please consult a licensed CPA for full details.

Rates received under the Infinity plan are generally discounted a percentage below the bank's posted rates.

Employers may choose to further discount all or select employees' interest rate or mortgage balance at a basis points predetermined by your benefits team.

NOTE:  The basis points or it's cash equivalent cannot fall below the CRA's precribed rate.  Please consult your company's CPA for more details.

Quick answer: No.

Employees are responsible however for the usual lender costs associated with setting up a mortgage:

• Discharge Fees 
• Early payout penalities
• Lender fees
• Realtor
• Appraisal
• Legals
• Home inspection and other applicable service fees

A Cashback is directly tied to the mortgage amount, term and interest rate, which are typically half a percent greater or more than non-cashback rates.

The MAP Cash Rebate is still determined by the mortgage amount however, participants continue to benefit from the discounted rates, no matter the term.

For greater cash in hand, you may opt to select both.

Funds are typically dispersed within 30 days of closing.

The savings and low rate for the Infinity plan will remain in effect.

The subsidized benefit is effective for the length of their employment.

If an employee ceases employment with the organization within five years of receiving Mortgage Assistance Perk, you may request that they the entire or partial monetary amount of the subsidy is repaid.

Please contact HR to discuss further.