Mortgage Options
Choose the Mortgage that’s best for you.
This is where you belong.

Whether you are building a new home or cottage or buying the house of your dreams, Equity has the mortgage that will make it happen.
Decisions are made right here in your neighbourhood -- where we understand the value of the property.

And when it comes to repaying, talk to us about developing a schedule that fits your life.

90-Day Mortgage Rate Commitments
When Equity commits to a rate, we commit. You can depend on it for 90 days.

Mortgage Insurance
Give your family peace-of-mind. Life and Critial Illness insurance is available through CUMIS Life Insurance Company.
Fixed Rate Mortgage
Very flexible and our most popular mortgage.
  • Interest rate and payments remain the same for the entire term
  • 6 months to 5 year terms
  • Payments can be monthly, bi-weekly, semi-monthly or weekly
  • Prepay up to 20% of original principal each year without penalty
 Variable Rate Mortgage
Allows you to take advantage of falling rates while having the option to lock in at any time.
  • Linked to the current prime rate
  • Payment remains fixed for the term
  • No prepayment penalities
Open Mortgage
Ideal if you’re planning to sell in the near future.
  • Pay it off any time without penalty
  • 6 month and 1 year terms available
  • rate and payment remain fixed for term
 Split Level Mortgages
Can’t decide on fixed or variable rate? Short or long term?
Take both!
Split your mortgage into two portions with different options.
Enjoy the variable rate option where rates may go lower and still have the security of longer term fixed rate.

High Ratio Mortgages
When finding the down payment is difficult, a High Ratio Mortgage offers
81% - 95% financing.
Insurance through the one of our providers is required to qualify.
Ask us today about how easy it is to qualify.

Home Equity Lines of Credit – Merit Line
Release some of those funds that your home is holding captive.

  • Borrow up to 90% of the appraised value of your home, less the outstanding balance of existing mortgages
  • Rate is Prime rate, minimum monthly payment is accrued interest
  • Attached to your chequing account, funds are accessed by cheque, cash withdrawal, debit card.

And to make borrowing even better:
FREE Mortgage Renewals – NO-FEE Banking means you pay nothing to renew your mortgage with Equity.
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