Open rate that is linked and fluctuates with the credit union’s prime rate. You can choose a 1, 2, or 3 year term. You can switch to a closed fixed rate or made additional payments at any time with no penalty. This is ideal if you are planning to sell your home soon or want be able to make extra payments.
Find the perfect mortgage for your perfect home.
Enjoy the advantages of an RCU Mortgage
Pre-approved mortgages have rates guaranteed for 120 days – if the posted rate changes during the 120 days, you’ll get the lower rate.
Flexible prepayment options – Prepay up to 20% of your principal annually, without penalty.
Fast Approvals – We work hard to get you approved and provide the funds as quickly as possible.
Portable – Take your mortgage with you if you move, penalty-free.
Personalized support – Our team of mortgage experts will make sure you have tailored advice and a plan for every step of the process.
High-ratio insured mortgages available up to 95% through CMHC.
Mortgage Protection Insurance – Get a low rate (and peace of mind) on mortgage insurance. Ensure that your assets are protected by puchasing Life, Critical Illness, Disability, or Loss Of Employment Insurance.