Access CU Mortgage Features

• Free transfers from other financial institutions
• Quick approvals
• Variable rate open term offers no repayment restrictions
• Variable rate closed term offers a low variable rate with the security of a maximum cap rate.
• Fixed rate term options available from 1 – 10 years.
• Prepayment of 20% of original balance allowed annually (non-cumulative), without penalty, for fixed terms.
• Flexible repayment options – weekly, bi-weekly, semi-monthly or monthly
• Free automatic payment transfer system available.
• Optional life and disability insurance available to qualifying members.
• Re-advanceable feature allows you to borrow in the future up to the original mortgage amount (OAC). Minimum $5000 re-advance.
• 90 day Interest Rate Guarantee
• No Renewal Fee
• Conventional and CMHC insured (high ratio) mortgages

Access CU Mortgage Rate Options:

Variable Rate Open Term

Our variable rate mortgages offer open repayment with payment options and no prepayment penalty when you make additional payments. Make lump sum payments or repay in full at any time.

Variable Closed Capped Rate

A variable closed capped rate mortgage provides the potential for saving money with a low variable rate; along with the security of a maximum cap rate. This product is a closed 5 year term offering the flexibility to convert, without penalty, to a 3, 4, or 5 year fixed rate at any time during the current term. It allows for the same 20% annual (non-cumulative) prepayment privileges as with our fixed rate mortgage. This is a great option to consider when you like the current variable rate; however are uncertain as to when interest rates may rise.

Fixed Rate

If the comfort of being locked in at a guaranteed rate is more appealing to you, we offer fixed rate mortgages for 1 - 10 year terms at highly competitive rates. Prepayment of 20% of original balance allowed annually (non-cumulative), without penalty.