Mortgage Products

You may be interested in your first mortgage or you may be renewing or refinancing your home. Perhaps you are considering an investment property. No matter what you need, we would like to be the credit union that helps you achieve your financial goal.

FirstOntario offers a number of different types of mortgages that offer flexible features, payment plans and rates to fit your lifestyle. And every day, we help people choose the best mortgage for their needs. We encourage you to come into your branch to discuss your options.

All FirstOntario Mortgages Feature:

• Pre-approvals and a 90 Day Rate Guarantee to help you house hunt with confidence
• Your choice of monthly, weekly, bi-weekly or accelerated mortgage payments to work with your family's budget and to help you become mortgage free sooner
• Money saving pre-payment privileges (See Home Free Faster)
• No charge for your mortgage renewal
• Mortgage Insurance Protection through CUIS Insurance
• Portable
• Assumable

 

Fixed Rate Mortgage

• Competitive rates fixed for the term you select
• 6 month open
• 6 month convertible
• 1 year open
• 1- 5 year and 7 year closed
• Skip a Month Payment Option
• Open mortgages have an unlimited pre-payment option
• Convertible mortgage can be changed to another term at any time

 

Variable Rate Mortgage

• A great low rate that varies with the Prime Lending interest rate
• 5 year Open Variable
• 5 year Closed variable
• Skip a Month Payment Option
• Open mortgages have an unlimited pre-payment option

 

5% Cash Back Mortgage

• Use 5% cash back for your down payment or other expenses
• Competitive fixed rate
• 5 year closed
• This product cannot be combined with any other offer

 

Contact a branch today and talk to a FirstOntario Member Consultant who can guide you through the options that are best for you.