Personal Mortgages
Owning a home is a big deal, so choosing the right mortgage is as important as finding the right house. Whether you’re about to buy or are ready to renovate or refinance, we’ve got the mortgage products and friendly expertise you need to make it easier. We can also help you choose products that will improve your cash flow and protect your investment. We can help you choose a mortgage, or you can review our options then can contact us in branch, online or by phone to get the process started.
Get stability and peace of mind with a great mortgage rate.
4.84%
5-Year Insured Mortgage
See what we have for personal mortgage products
Maximize your first home purchase savings with tax-free savings of up to $40,000 through the First Home Savings Account (FHSA).
Buying a home can be complicated. The Synergy Home Handbook has great resources that can help you through the process.
Begin your house search with an Online Mortgage Pre-approval
Get up to $2,500 cashback* with the Mortgage Cashback program.
Looking for what to bring to your appointment?
MEMBER PERKS
Online Mortgage Pre-approvals
MEMBER PERKS
A mortgage pre-approval is a great first step in your homebuying journey. By being pre-approved, you can confidently begin your house search.
By applying for a mortgage pre-approval* at Synergy, our goal is to provide you with a TRUE approval – this is so much more than a mortgage pre-qualification.
What makes this even more convenient? We’ll be in touch with you quickly and no later than the next business day.
*Good to know: If you are pre-approved with Synergy, it means that we have stated that you qualify for a mortgage loan based on the information you have provided and subject to certain conditions. Your mortgage pre-approval will specify a term, interest rate and principal amount. This is a helpful step, as it can give you a clearer picture of how much you may be able to afford.
How it works:
Start your online application now and receive your pre-approval amount along with a 120-day guaranteed interest rate.
If you are moving your mortgage to Synergy, make sure to ask about our Mortgage Cashback program.
If you have more questions, our mortgage specialists will be happy to assist you.
Apply Online
Speak to a Mortgage Specialist
Preparing for Your Appointment
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Basic information (date of birth, physical address, etc.)
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Employer information,
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Net worth statement,
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Verification of income (two items of verification required). This includes:
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One of:
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last paystub, two months of direct deposit history, current letter of employment,
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Plus, one of:
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previous year-end paystub, most recent T4, most recent Notice of Assessment.
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If you are self-employed or do not have these types of verification, please contact us for alternatives.
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Down payment statement or letter stating where the funds are coming from for the down payment, as well as the length of time it has been available,
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If you are not a Synergy member yet, two pieces of personal identification (such as your current/valid driver’s license, provincial health card, birth certificate).
Personal Mortgage Products
Simplicity Insured Mortgage
- amortization up to 25 years
- terms 1 to 7 years
- competitive interest rates (fixed or variable rates)
- a 20% annual prepayment option
- automatic transfers or self-service payments
- multiple repayment options
Simplicity Mortgage
- amortization up to 25 years
- terms 1 to 7 years
- competitive interest rates (fixed or variable rates)
- a 20% annual prepayment option
- automatic transfers or self-service payments
- multiple repayment options
- the option to re-advance on the anniversary date of your mortgage
Synergy Super Insured Mortgage
Getting a mortgage is an ideal time to build in flexible options you might need now or in the future for things like renovating or consolidating finances. Designed for home buyers starting with a down payment of less than 20%, the Super Insured Mortgage sets you up for success from the start and makes it simple to adjust your payments to fit your needs. It also offers:
- the option to pay as little as 5% down
- competitive interest rates
- no prepayment penalties
- automatic transfers or self-service payments
- multiple repayment options
- multiple fixed-rate options
- terms 1 to 7 years
- amortization up to 25 years
- ProfitShares rewards
Synergy Super Mortgage
If easy access to additional funds at mortgage rates sounds good to you, consider our Super Mortgage. Once your pre-approved limit is set, you can request funds by phone, email or in-person and use them to make non-mortgage purchases at mortgage rates. You can also split your credit limit into five sub-loans to help you manage where the money is being used. You also get:
- fixed or variable rates on your mortgage or sub-loans
- terms 1 to 7 years
- amortization up to 25 years
- competitive interest rates
- 20% annual prepayment option on a fixed term
- no prepayment penalty on variable rate loans
- choice of blended (principal plus interest) or interest-only payment option
- multiple repayment options
- ProfitShares rewards
Synergy Open Mortgage
- down payment options that start at 5%
- competitive interest rates
- 1-year fixed rate term OR 3-year variable rate term
- automatic transfers or self-service payments
- multiple repayment options
- a term of up to 25 years
- ProfitShares rewards
Not All Mortgages Are Equal
A mortgage is a major purchase, so it is important to know you have the package and lending professional that is right for you. Today’s market offers borrowers a tremendous choice of loan products and new opportunities...
Personal Mortgage APR* Example
Simplicity Insured Personal Mortgage
Personal Construction Mortgage
If you’re planning on building or purchasing a ready-to-move (RTM) home, our Personal Construction Mortgage flexes to your needs as they arise during each phase of your build, advancing a percentage of funds as inspections are approved. It also offers you:
- monthly interest-only payments during the construction period (up to one year)
- the option to pay as little as 5% down
- amortization up to 25 years
- competitive interest rates
- automatic transfers or self-service payment
- multiple repayment options
- ProfitShares rewards
Owning A Home
Introducing the Tax-free First Home Savings Account!
CUMIS® Home Insurance
Contact CUMIS today at 1-800-810-2847 to speak to a Licensed Insurance Representative or get an online quote for a home insurance estimate. (Some conditions apply)
Shopping for home insurance?
Our home financial specialist provides tailored solutions that match your needs. You'll navigate the process effortlessly with clear, step-by-step guidance and enjoy competitive rates. We go the extra mile, offering ongoing support to make your homeownership dream a reality. Connect with our experts today for a hassle-free journey to your dream home.