SUBSIDIZED INTEREST RATE MORTGAGES

If you qualify, we use funds that have been pledged by major Canadian lenders like TD Bank, Scotiabank, CIBC and ING Direct to administer extremely low rate mortgages.  Lower interest rates mean lower monthly payments, which will help you build up equity in your home more easily, or free up cash flow for your family.

Best of all it’s a tax free benefit, so it’s like getting a raise but keeping every dollar of it. 

And, if you already use one of the banks mentioned above, we can administer the loan through your existing branch.  You don’t even need to switch banks.

We’re working on getting funds from more lenders too, but for now, if you’re a non-profit worker, it’s probably worth switching banks.

Lender                             

TD

Scotiabank

ING Direct

CIBC

Total:

SUPPORTING BANKS AND BUDGETS 2012*

HEAVILY REDUCED RATE MORTGAGES FOR NON-PROFIT EMPLOYEES AND VOLUNTEERS

It can be hard to make ends meet and keep a roof over your head when working for a non-profit.  Wages are lower than in the private sector, assuming you’re paid a wage at all.  We can’t pay you more, but we can reduce your cost of living.

Pledge                             

$2M

$7M       

$5M
$6M

$20 Million

*As of January 4th 2012.  Funds are in millions of dollars

WHAT IS THAT WORTH?

Assuming the average mortgage size is about $200,000 that’s about 100 reduced rate mortgages.  If that sounds underwhelming, it is.  In Canada non-profits employ more than 20,000 people, not counting volunteers.

We’re working on support from other lenders and more funds from our existing partners.