Simplicity Mortgage - CMHC

A 'no frills' Canada Mortgage and Housing Corporation (CMHC) residential mortgage for consumers who want the lowest price and the lowest payments. The CMHC option offers flexibility for your down payment and mortgage payments.

Affordable: Expand/Collapse

"You can acquire your dream home sooner with a smaller down payment."
- 5% down payment*.

"You have the option of lower payments by getting taking out a mortgage over a longer term."
- Up to 25 years.

Cost Savings/Earnings: Expand/Collapse

"You get our lowest available mortgage rate."

"You keep more money in your pocket."
- Free mortgage renewals.
- Competitive interest rates.
- 20% annual prepayment option.

Flexible: Expand/Collapse

"You can adjust your payments to fit your needs."
- Multiple Repayment Options, including:

  • Payment frequency.
  • Flexible terms.
  • Automatic transfers or self-serve payments.
  • Multiple fixed rate options.

Convenience: Expand/Collapse

"You have the option to access funds for future needs."
- Option to re-advance on the anniversary date of your mortgage (subject to CMHC guidelines).

Peace of Mind: Expand/Collapse

"You know what you can afford when looking for a home."
- Pre-approval options.

"You can protect your family and your assets."
- Loan payment protection available:

  • Life.
  • Disability.
  • Critical illness.
  • Loss of employment.

Additional Information:

* Other options may be available for the funding of your down-payment. See in-branch for details.
- Canada Mortgage & Housing Corporation (CMHC) approval is required. Synergy provides the application on your behalf.
- CMHC premium can be added to your mortgage.
- Looking for information on paying down your mortgage faster?

Who might benefit from this product/service?

Members with less than 20% down payment available looking for the best mortgage rate and/or lowest payment.

Key Resources & Tools

Advice Videos

Home buying tips video

Home Buying Tips

Tips to help you get started with your home purchase.

Saving for a Down Payment Video

Saving for a Down Payment

3 tips to help you get closer to reaching your down payment goals.

6 Ways To Get More With Your Mortgage video

6 Ways To Get More With Your Mortgage

Important things to consider with your mortgage, which could save you future potential hassles and money.

 

Mortgage Application

Can't come in for an appointment? Use our easy-to-use loan/ mortgage application 24/7 from wherever it's convenient for you.

 

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