Home mortgage

A well-chosen home may increase in value, sometimes exponentially. Even better, the gain is tax-free if the property is your principal residence. Meanwhile, you get the enjoyment of living in it. Plus, home mortgages are normally the cheapest loans around if you put down at least 25% of the home's value.  Increasing your payments beyond the minimum necessary, or going to a weekly, or bi-weekly payment structure helps to pay down the debt quickly, and decreases the amount going to interest each month.

MemberOne Mortgage Line-up

  • Fixed rate – a competitive rate locked in for your term length, from 6 months to 5 years.
  • Closed mortgages – MemberOne has the most flexible repayment options around! Double your payment on any regular payment date, increase your payments by up to 25% during the term of the loan, and repay up to 25% of the original loan amount without penalty on the anniversary date.
  • Open mortgages – it's up to you.  Open mortgages may be paid off at any time.
  • High Ratio Mortgages for first-time homebuyers – you can borrow up to 95% of your home’s value to help you become a homeowner for the first time.

Contact one of our Member Service Representatives or apply in branch or online  now!