Simplicity Mortgage - Conventional

A no-frills residential mortgage for consumers who want the lowest price and the lowest payment.

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 options.
  • Terms up to 25 years.
  • Flexible terms.
  • Automatic transfers or self-service payments.
  • Fixed or variable rates.

Convenience: Expand/Collapse

"You have the option of accessing funds for future needs."
- Option to re-advance on anniversary date.

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:

A minimum 20% down payment is required. Contact an Account Manager for more details.

Who might benefit from this product/service?

Members looking for the best rate and/or lowest payment for their mortgage, and who can make a minimum down payment of 20% of the purchase price. 

† Applicable to all rates. The annual percentage rate will be the same as the stated rate, assuming there is no cost of borrowing charges (for example, appraisal fees). If there are cost of borrowing charges, the APR and the stated interest rate will be different. Rates may change at any time without notice.

The annual percentage rate (APR) is based on a $200,000 mortgage with the applicable terms and borrowing charges (for example ... $200 for appraisal fees).

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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