Super Mortgage - Conventional

A mortgage loan product which gives borrowers the flexibility to readvance funds based on a pre-approved limit, along with other benefits.

Convenience: Expand/Collapse

"You will be able to readvance to your approved limit whenever you need the funds."
- Readvanceable (funds can be borrowed again on principle paid - up to a pre-approved limit).

"You don't have to spend time applying or waiting for another loan approval."
- Pre-approved funds for future needs.
- Funds advanced by phone, email or in person.
- Payments can be set up to be automatic.

Cost Savings/Earnings: Expand/Collapse

"You pay fees for the initial loan setup. There will be no charges for advances in the future."
- One time set-up fee.

"You will receive the current mortgage rate regardless of what you're purchasing."
- Non-mortgage purchases at mortgage rates.

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

"You keep more money in your pocket."
- Free mortgage renewals.
- 20% annual pre-payment option for fixed term loans.
- No pre-payment penalty for variable rate loans.

Flexible: Expand/Collapse

"You have the flexibility of choosing different repayment options for different parts of your mortgage."
- Multiple Repayment Options, including:

  • Payment frequency
  • Fixed or variable rate options
  • Blended (principal plus interest) or interest-only payment options available

Peace of Mind: Expand/Collapse

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

  • Life
  • Disability
  • Critical illness
  • Loss of employment

Additional Information:

With the Super Mortgage, when you need additional funds, you can readvance funds through a Super Quick loan, up to a pre-approved amount. Once established, the primary Super Quick loan credit limit can be split into as many as five additional sub-loans.

For example: Approved Super credit Limit - $100,000.

  • Sub-loan for car purchase - $30,000, 3-year term, fixed rate.
  • Sub-loan home renovations - $25,000, 10-year amortization, 5-year term, variable rate. This option can be pre-paid with no penalty.
  • Sub-loan operating expenses - $5,000Line of Credit limit, variable rate. This option can be pre-paid with no penalty.
  • Sub-loan for vacation - $25,000 quick loan, variable rate.  This option can be pre-paid with no penalty.
  • Future sub-loan available - $15,000.

Who might benefit from this product/ service?

For members who require access to additional funds.

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.


Find Branch/ATM

Enter address, postal code or branch name
Contact our helpful Member Contact Centre (Call Centre)

Want to talk?

Request a call from one of our expert advisors.
Make an appointment
  • Share This Page
  • Build Customized Brochure
  • Was this helpful?

Subscribe to Our Rates

Our Rates
Shopping for Home insurance?