Super Mortgage - CMHC

A Canada Mortgage & Housing Corporation (CMHC) residential term mortgage product, which offers more value and 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 (Other options may be available for funding of your down payment. See in-branch for details.)

"You have the option of lower payments by taking your mortgage over a longer period."
- Terms up to 25 years.

Cost Savings/Earnings: Expand/Collapse

"You keep more money in your pocket."
- No prepayment penalties
- Free mortgage renewals
- Competitive interest rates

"You are eligible to share in the credit union's profits."
- Eligible for the ProfitShares program.

Flexible: Expand/Collapse

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

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

Convenience: Expand/Collapse

"You have the option to access funds for future needs."
- Option to re-advance on anniversary date (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 assets and your family."
- Loan payment protection available:

  • Life
  • Disability
  • Critical Illness
  • Loss of Employment

Additional Information:

- Canada Mortgage & Housing Corporation (CMHC) approval is required. Synergy will fill out the application on your behalf.
- CMHC premium can be added to your mortgage.

Who might benefit from this product/service?

Members who will be paying a down payment of less than 20%, but who want flexibility and added value in their mortgage.

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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