Choose the Mortgage that’s best for you. This is where you belong.
Lending decisions are made right here in your neighbourhood — where we understand the value of the property.
Receive 4% cash back on new purchases and newly transferred mortgages.
- Cash back is 4% on mortgages starting as low as $25,000
- Some conditions apply
- Talk to us for more details
- APPLY ONLINE
Fixed Rate Mortgage
Very flexible and our most popular mortgage.
- Interest rate and payments remain the same for the entire term
- 6 months to 5 year terms
- Payments can be monthly, bi-weekly,semi-monthly or weekly
Variable Rate Mortgage
Allows you to take advantage of falling rates while having the option to lock in at any time.
- Linked to the current prime rate
- Payment remains fixed for the term
- No prepayment penalties
Ideal if you’re planning to sell in the near future.
- Pay it off any time without penalty
- 6 month and 1 year terms available
- Rate and payment remain fixed for term
High Ratio Mortgages
When finding the down payment is difficult, a High Ratio Mortgage is an option.
- Prepay up to 20% of original principal each year without penalty
- Increase your payments by 20% each year
Home Equity Lines of Credit
Release some of those funds that your home is holding captive.
- Based on the appraised value of your home, less the outstanding balance of any mortgages
- Rate as low as Prime, minimum monthly payment is interest only
- Attached to your chequing account, funds are accessed by cheque, cash withdrawal, debit card
And to make borrowing even better:
FREE Mortgage Renewals
NO-FEE Banking means you pay nothing to renew your mortgage with Equity.
90-Day Mortgage Rate Commitments
When Equity commits to a rate, we commit. You can depend on it for 90 days.
Give your family peace-of-mind. Life and Critical Illness insurance is available at the credit union for your mortgage protection.