Mortgages - Current Rates

Presenting the Feel-Good Mortgage

Buying a house is a good financial decision. Especially with an exceptionally great rate you can feel good about. Why? Because the best way to actually feel good about your money, is for you to keep more of it.

Great rates and a new home. What’s not to feel good about?

Check current Mortgage Special Rates

Contact us today for more details or to make an appointment with one of our Financial Advisors.

3 Steps to Getting a Mortgage

Step 1: How do I qualify?

You, and if applicable, your co-applicant, must meet 2 key financial conditions:

Your housing cost, including the monthly principal and interest payment, tax payment and utility costs, should not exceed 32% of your gross income;

All of your debt payments including your housing payment should not exceed 40% of your gross income

Stop by or call us and we would be pleased to perform a complete review of your eligibility for mortgage financing.

Step 2: Obtaining Pre-Approval

It assures you of the amount Servus Credit Union will finance for you, subject to any conditions specified such as a credit check, employment verification, or an appraisal of the property.

Step 3: Life & Disability Insurance

Protect your investment with life and disability insurance. Single or joint coverage at group rates can pay out your mortgage in the event of the death of the insured mortgage holder. A disability claim will cover a number of mortgage payments for you or your co-applicant until a return to work is possible.

Mortgage Options to Suit Your Lifestyle

All of our mortgage products have the following special features:

A variety of payment options - weekly, bi-weekly, or monthly
90 day rate guarantee - from the day you obtain your pre-approved mortgage
Property tax account - save for your property taxes with each mortgage payment. CWCU pays your property taxes annually at no charge.
Portability - enables you to move your existing mortgage amount and rate to another property

CMHC’s Homebuying Step by Step guide can help make things easier for you when purchasing a home. Check out this link for more information.

www.cmhc-schl.gc.ca/en/co/buho/hostst/index.cfm