 |
 |
| Consumer & RRSP Loans |
| Student Loans |
| Mortgages |
Mortgages
Credit Unions offer a variety of different mortgage products including conventional and high ratio mortgages. Some of the features include:
- Weekly, bi-weekly, monthly or semi-monthly payment schedules available
- Increase regular payments up to 25% of regular PI payment, once a calendar year
- In addition to regular payments, an amount up to or equal to the regular payment can be made (must be on the regular payment date)
- Lump sum payment of up to 20% of the original mortgage may be repaid each calendar year. A minimum payment amount of $1,000 is required and can be applied to a maximum of six times per year
- Life and disability insurance available
Check with individual Credit Unions for product availability.
