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Introducing our NEW Mortgage Packages. Find the right fit for you!

Platinum Package

0.15% Discount! – Plus
  • 0.15% off best posted fixed rate
    (does not include specials)
  • Free Chequing Account for 1 years

Must Include:

  • New or existing full payroll / pension deposit
  • New or existing Visa – 1st annual fee free
  • New or existing TFSA,  RRSP or Mutual Fund Investment with minimum $25/mo auto contributions 
PLUS
  • Added insurance will provide an additional 0.10% discount

AND
  • Take advantage of our APR Real Estate referral program to qualify for cashback rewards

  • You can also add an unsecured Line of Credit with a 2.00% discount!

 Gold Package

0.10% Discount! – Plus
  • 0.10% off best posted fixed rate
    (does not include specials)
  • Free Chequing Account for 1 year

Must include:

  • New or existing full payroll / pension deposit

    or

  • New or existing Visa – 1st annual fee free

    or

  • New or existing TFSA, RRSP or Mutual Fund Investment with minimum $25/mo auto contributions
PLUS
  • Added insurance will provide additional .10% discount

AND
  • Take advantage of our APR Real Estate referral program to qualify for cashback rewards

  • You can also add an unsecured Line of Credit with a 2.00% discount!

 

*Conditions Apply
Subject to Change
Qualifications Required

Mortgage Options

Conventional Mortgage

A conventional mortgage is a loan for no more than 80% of the purchase price (or appraised value) of the property. The remaining amount required for a purchase (20%) comes from your resources and is referred to as the down payment.

 

High-Ratio Mortgage

High ratio mortgages must be insured by the Canada Mortgage and Housing Corporation (CMHC), Genworth Financial Canada or Canada Guarantee. This insurance is required by law in Canada to insure lenders against default on mortgages with less than 20% equity.The premiums are paid by the borrower and can be added directly to the mortgage amount.

 

Fixed Rate Closed Mortgages

A fixed-rate mortgage charges a set rate of interest that remains unchanged throughout the life of the loan. Although the amount of principal and interest paid each month varies from payment to payment, the total payment remains the same, which makes budgeting easy for homeowners.

 

Variable Rate Mortgages

A variable rate mortgage will fluctuate with OPPA Credit Unions Prime rate throughout the mortgage term. While your regular payment will remain constant, your interest rate may change based on market conditions. This impacts the amount of principal you pay off each month. When rates on variable interest rate mortgages decrease, more of your regular payment is applied to your principal. Additionally if rates increase, more of your payment will go toward the interest.

 

Six-Month Convertible Mortgage

Get a short-term closed mortgage with a fixed interest rate and the flexibility to convert to a long-term closed mortgage after the set period of time.

 

Construction Mortgages

We can arrange mortgages specific for your construction project.
 

Mortgage Calculator

Want to look at different mortgage payment and rate scenarios? This is a good place to start.

MORTGAGE RATES

FIXED RATE OPEN MORTGAGE
RATE

1 Year

7.45%

6 Month

7.45%

FIXED RATE CLOSED MORTGAGES
POSTED RATE
SPECIAL RATE

6 months - Fixed Convertible

4.09%

1 Year – as low as

3.64%

3.59%

2 Year – as low as

3.89%

3.84%

3 Year – as low as

4.25%

4.19%

4 Year – as low as

4.59%

4.44%

5 Year – as low as

4.99%

4.54%

VARIABLE MORTGAGE RATES
POSTED RATE

5 Year Variable Closed – as low as

2.75%

5 Year Variable Open – as low as

6.70%