Mortgages

• Mortgages available for residential, agricultural, or commercial properties.
  
• Conventional and CMHC insured mortgages
  
• Amortization periods up to 25 years
  
• Competitive interest rates
  
• Home Buyers Plan

A home may be the biggest investment you will ever make. When contemplating a mortgage it is a good idea to get the advice of a professional from Strathclair Credit Union. Whether you are buying a home for the first time or renewing your mortgage, we understand the importance of working out the best possible mortgage package, so your home or renovations are truly affordable.

We recognize that having flexible repayment and prepayment options is very important to mortgage holders. Did you know that Credit Unions were the innovators of bi-weekly payments that substantially reduce the interest costs of your mortgage?
We stretch your mortgage dollar with competitive interest rates and no hidden charges or penalties so that your mortgage can be home free and clear as quickly as possible.

Some of the mortgage features include:

• Payment options - weekly, bi-weekly, monthly, semi-annual or annual
  
• Mortgage life and disability insurance available
  
• Fixed or Variable Rates
  
• Principal, Interest & Tax (PIT) Payments

Pre-Approved Mortgages

Speak to one of our Financial Service Representatives before you buy and we'll show you all the advantages of having your financing in place with a Strathclair Credit Union pre-approved mortgage.

We'll show you how to have a manageable mortgage that gives you the peace of mind knowing that your home or renovations are affordable.

* Prepayment Rights for Closed Mortgages: Mortgagee may elect to increase their regular payments by 10% every 12 months.  The mortgagee may also make a prepayment of up to 10% of the original mortgage balance once every 12 month period.  Prepayments in excess of this amount will be subject to penalty interest.