NEW! The Variable Rate Mortgage – Closed

The Variable Rate Mortgage – Closed has a 5-year term and is subject to early payout penalties based on the “then” rate for the term remaining. Here are the benefits:

With flexible payment options, you could pay down up to 20% of the original principal amount of your mortgage (potentially better than the banks!) each calendar year. That means a shorter amortization period that in turn means freedom from your mortgage sooner than you ever thought possible.

Minimum loan amount of $25,000
Life insurance offered
Online (Internet) access
Quarterly statements (or monthly if you have a chequing account)
Rate fluctuates with The Credit Union Prime Rate. 
Principle and interest payments required - as rates change, payments remain constant but the principle and interest portions of the payment fluctuate.
We pay the appraisal costs up to $250.

It’s easy to apply!

Click on the APPLY button now, call Member Assistance today or contact your Personal Account Manager.