RESIDENTIAL MORTGAGES
- Conventional - Financing up to 80% of current appraised value or purchase price or whichever is less.
- CMHC financing available - as low as a 5% down payment can put you in your first home.
- You choose the amortization to a maximum of 25 years.
- We offer terms from 6 months to 3 years.
- Approval within 24 hours or less.(subject to certified appraisal)
- Increase your payments at anytime with no penalty.
- Group Mortgage Protection is available with all mortgages.
MORTGAGE RATES (Effective April 22, 2008)
| TERM |
CLOSED - FIXED RATE |
| 6 Months |
5.00% |
| 1 year |
5.25% |
| 2 Year |
5.50% |
| 3 Year |
5.75% |
A CLOSED FIXED RATE means that the rate is fixed for the term that you choose and that the mortgage can be prepaid in full at anytime with NO PAYOUT PENALTY. You can also increase your payments at anytime with no penalty.
A three month interest penalty will be charged if the mortgage is TRANSFERRED to another financial institution during the term.
PERSONAL LOANS
- Competitive rates.
- Loan approval within 24 hours or less.
- Reduce your loan in part or in full at anytime with no penalties.
- Flexible repayment plans.
- Terms up to 5 years.
- Documents can be prepared and sent via store mail usually the same day.
- With Canada Safeway’s direct deposit loan payments can be set up automatically.
- Loan interest rebates (the last 3 years your Credit Union returned loan interest rebates that were equivalent to a quarter percent.
- We offer Credit Life & Credit Disability Insurance with Credit Union Member Insurance Services www.cuis.com
Contact a Loan Officer at (403) 261-5681 or Toll free at (877) 723-2653 for fast friendly service.
AUTHORIZED OVERDRAFT PROTECTION
- Enjoy peace of mind by linking your chequing account to a specific overdraft limit at a competitive interest rate lower than retail credit cards.
- If you don’t access your overdraft, you don’t get charged.
- With overdraft protection you are able to access extra cash with your Member Card through the ATM network.
