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Webinar: Last chance to prepay your mortgage and save money!

Published January 17, 2019

Webinar for Section 61 housing co-ops

February 6, 2019 from 1:30 to 2:30 p.m. EST

Register now!

On February 6 at 1:30 p.m., join CHF Canada’s webinar to learn about an important opportunity for your co‑op to save money.

CMHC is accepting applications from co-ops with Section 61 program operating agreements for mortgage prepayment flexibility. The available funding is limited and 2019 will likely be the last year to take advantage, so the time to act is now. Here is the schedule of deadlines to apply:

Open Application Dates Application Deadline Dates Payout Dates
March 1, 2019 April 30, 2019 September 3, 2019
June 3, 2019 July 31, 2019 December 2, 2019
September 2, 2019 October 31, 2019 February 1, 2020

However, there are a few things we need to do to get ready… but we can help you with that.

CHF Canada worked hard to get this program for our Section 61 co-ops that are paying high mortgage interest rates and need money for capital repairs. Now, we’re ready to work with our co-ops to benefit from the program.

The webinar will show you how to:

  • Reduce your interest rate in order to fund much needed repairs and upgrades
  • Communicate to members why this time-limited opportunity is so important
  • How to qualify
  • How to apply

After successfully helping other co-ops, we’ll show you how we can:

  • Assist in preparing for and meeting application deadlines
  • Strengthen your application
  • Get a new lending partner to support your application

Don’t miss out!

Presenter: Dave Howard, Program Manager, Financial Planning Services, CHF Canada

To register for this event, please go to: http://bit.ly/S61Co-ops

For more information Contact Catherine Cummings at ccummings@chfcanada.coop or call 1-800-465-2752 ext. 246

Click here to download a PDF flyer about this webinar.

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