Did you purchase a home within the past 2 years?
Get Your Refund - Hassle Free with Greenbrain! We help homeowners reduce their environmental impact through access to government and utility rebate programs.
Our team will:
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Verify your eligibility
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Provide a FREE energy audit to confirm qualification
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Guide you through the entire application process
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Help you get your refund fast - in as little as 30 days!
Qualification Criteria?
To be eligible for a rebate of up to $14,250, the energy audit we conduct on your home must meet at least one of the following criteria:
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2
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Energy
Rating
At least 20%
lower than a
typical new house
Greenhouse Gas Emissions
In the top 15%
for lowest emissions
Energy Efficiency Certification
Certified at purchase
(e.g., ENERGY STAR,
R-2000, etc.)
Not sure if you qualify? No worries! We'll conduct a FREE energy audit to find out for you.
FREQUENTLY ASKED QUESTIONS
1) What is mortgage insurance?
The Government of Canada, through the office of the Superintendent of Financial Institutions (OSFI) requires mortgages with a down payment of less than 20% to carry mortgage default insurance.
2) Which companies in Canada provide mortgage default insurance?
Within Canada, there are only 3 companies with a license to provide mortgage default insurance. This includes: Canada Guaranty, CMHC (a Canadian Crown Corporation), and Sagen (formerly Genworth Canada)
3) How does mortgage insurance work?
If you buy a home under $1,000,000 (or under $1,500,000 after December 15, 2024), and have a down payment of less than 20%, mortgage insurance is required.
The mortgage insurance premium you pay is directly related to your loan-to-value ratio and ranges from 0.6% – 4% of the total loan amount. Your mortgage insurance premium may also be added directly to your mortgage and amortized over its length.
4) How much of a refund can I get?
Eligible customers can receive a 25% refund on their mortgage insurance premium. Assuming a house purchase price of $1,500,000, with a 95% loan-to-value ratio which is equivalent to a 5% down payment, the total mortgage amount would be $1,425,000.
The total mortgage insurance premium would be $57,000 (or 4% of the mortgage amount). AND, a 25% refund on that premium would equate to a $14,250 refund cheque paid directly to the mortgage holder.
5) How do I get started?
Call our Greenbrain team today at 1-866-848-4998 to speak with one of our representatives to learn more and schedule your energy audit.