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Mortgages

A mortgage should be more than a way to pay for your home. Use yours to achieve your dreams.
 
 

 

Rates You'll Love

 

 

5 Year Fixed Mortgage*

4.990

7 Year Fixed Mortgage*

5.490
*5 year fixed (as low as) 4.990% and 7 year fixed (as low as) 5.490%. All rates are subject to change without notice, and are not guaranteed unless confirmed in writing.
 

Mix & Match

Hold more than one loan under multiple low mortgage rates to achieve your financial goals, now or whenever you need.

​Flexible Repayment

Benefit from multiple repayment options to pay your mortgage faster.

​One Time Legal Fee

Need to borrow money? Use the equity in your home and no need to pay legal fees.

 

Flex Choice Mortgage

Build your own mortgage with the freedom to combine terms, interest rates and payment schedules. Then if you need cash in the future — to start that business, go back to school, build a new home, or any reason at all — get it as part of your mortgage with a great rate, no additional legal fees and streamlined approvals. This may be the last mortgage you ever need.

 

Take a Look At Your Options

 
         

 

Open

An open mortgage gives you the flexibility to pay any amount of payment over and above your regular payment without penalties. 

 

This may be right for you if:

  • You want to pay off your mortgage faster.

  • You may be selling your home before your term ends.

Key information

  • Pay it off anytime with no penalties.

  • Available as a fixed or variable rate.

 
 
         

 

Closed

A closed mortgage typically has lower rates than an open mortgage, while allowing for some additional payments over and above your regular payment. 

This may be right for you if:

  • You plan on being in your home for the duration of the term.

  • You want a lower rate.

Key information

  • Pay up to 20% of the original principal balance once per year on any regular scheduled payment date.

  • Increase your payments by up to 20% once per year on any regular scheduled payment date.

  • Available as a fixed or variable rate.

 
 
         

 

Variable

Rates change with the prime rate, and are typically lower than the fixed option.

 

This may be right for you if:

  • You want to pay off your mortgage faster.

  • You're comfortable with fluctuating rates.

Key information

  • If rates start to rise, you can lock into a fixed rate at any time.

  • Available as an open or a closed.

 
 
         

 

Fixed

Rates are locked in throughout the term, so you know exactly how much interest you’re paying.

 

This may be right for you if:

  • You want peace of mind knowing your rates won’t change.

  • Ideal if you want protection against interest rate increases.

Key information

  • Available from 1 - 10 year terms.

  • Available as an open or a closed.

 
 
         

 

Revolving

Credit that you apply for once and can keep using as you need it with our Flex Choice Line of Credit. Perfect for cash at hand and, because it’s mortgage secured, has great rates and high limits.

 

This may be right for you if:

  • Peace of mind knowing you have cash available when you need it.

  • You want to save money by paying for only what you use.

Key information

  • Pay interest only on what you use.

  • Accessible just like your everyday banking accounts.

 
 
         

*All rates are subject to change without notice, and are not guaranteed unless confirmed in writing.

 

Need a Little Extra Guidance?

When you’re looking for a new home, or to refinance your existing home, we know there’s a lot to consider. We’re here to help. Talk to one of our advisors about building the Flex Choice Mortgage that's right for you. 

CALL OUR MEMBER SERVICE CENTRE: 1.800.665.5728.

 

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​Smart Borrowing

 

Join Kootenay Savings Credit Union

Flexible mortgage with great rates and advice, plus a financial friend who has your best interest at heart.

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