Skip to main content

5 Year Mortgage

Variable Rate


3 Year Mortgage

Fixed Rate


5 Year Mortgage

Fixed Rate



Family preparing a meal together in kitchen.

Best Rate Mortgage

Get a guaranteed maximum rate for five years with the flexibility of an annual rate renewal. That’s why we call it the Best Rate Mortgage, because it gives you the peace of mind that you’re getting the best rate possible.

Key Information

  • Guaranteed maximum rate for five years.

  • Ability to renew your rate each year to take advantage of possible decreases in rates, making home buying more affordable and worry free.

  • Flexible payment schedule includes monthly, semi-monthly, bi-weekly or weekly payments.



Young couple surrounded by moving boxes, looking at laptop.

Zero Percent Mortgage

Pay nothing for the first 5 months of your mortgage. Zero payments toward the principal and zero interest, means you have increased cash flow for renovations, new appliances or anything you need.

Key Information

  • Closed 5 year term provides peace of mind that the rate will not increase.

  • Ability to make regular payments during the first 5 months, if the member chooses to.

  • No increases in payment amount or prepayment privileges within the first 5 years. 



Young family at home reading a book together.

Variable Rate Mortgage

A conventional mortgage with a variable interest rate that increases and decreases with the market.

Key Information

  • Closed 5 year term.

  • Ability to change to fixed rate mortgage if the mortgage is in good standing. The new term will be a minimum of three years.

  • Payments based on interest rates and amortization at the time and could fluctuate as interest rates change.

  • Monthly repayment schedule available so that your payment doesn’t change, only the amount that is applied to the principal changes as the rates change.



Man and son planting in garden in front of home.

Fixed Mortgage

A fixed rate for the term you choose means peace of mind that your rate won’t change.

Key Information

  • Rate terms from 1 to 5 years available.

  • Flexible payment schedule includes monthly, semi-monthly, bi-weekly or weekly payments.

  • Payments based on interest rates and amortization at the time and could fluctuate as interest rates change.

  • Ability to pay down the mortgage faster with the option to increase your payment amount annually or make one lump sum payment each year.



Close up of couple looking at paint chips and tablet.

MERITLINE Home Equity Line of Credit

A line of credit secured by the equity in your home to give you access to cash for whatever you need, whether that’s a new purchase, a new kitchen, or just in case of emergency.

Key Information

  • Peace of mind, knowing you have cash flow available.

  • Flexible payments with interest payable each month on the outstanding balance.

  • A variable interest rate that fluctuates with market changes.

  • Pay as much as you want towards the outstanding balance at any time without any prepayment penalties.



Apartment building

Income Property Mortgage

Purchasing a property to rent and earn income is different than purchasing a home that you’re planning on living in. We’re here to help get the right mortgage so you can achieve your rental goals.

Key Information

  • Expert, friendly advice to guide you through the application process.

  • Competitive rates and flexible payment options.



Two men shaking hands behind desk with house plans and hard hat.

Construction Builders Mortgage

When you’re having your home built, this mortgage will help you save money during construction.

Key Information

  • Flexible terms and competitive rates during construction to save you money.

  • Interest is only charged on the money you receive, rather than on the whole mortgage amount, meaning you pay considerably less interest.

  • Easy, automatic transition from construction mortgage to conventional mortgage when construction is complete.

  • Your home must be completed within 12 months.

  • Members must supply the credit union with building plans and these plans must be accepted and approved by the appropriate municipal authority.    



Rates Icon

Our Rates

Calculator Icon

Mortgage Calculator

Financial Advisor Icon

Financial Advisor


Be part of something bigger. Be part of Sudbury Credit Union.