Mortgages High Ratio Mortgages
MERITline™



Conventional Mortgages
For a Low Rate and Loyalty Rewards.

The Police Credit Union is your best friend for a mortgage.

With your primary chequing account and total pay deposit, you’ll automatically get our best possible REWARDS rate and save.

With a conventional mortgage from your credit union, you'll have peace of mind knowing that your payments will stay the same for the term you choose. You can also take advantage of our flexible repayment options and save thousands of dollars in interest in the long run.

To APPLY ONLINE, CLICK HERE.

CONVENTIONAL MORTGAGES BENEFITS AND FEATURES

  • Peace of mind! A mortgage option that allows you to take advantage of lower rates by locking-in for a specific length of time
  • Competitive rates! We give you the best rate!
  • Flexible repayment! Up to 10% annually of original amount and increase your monthly payment by 100% once each year
  • Options! Terms range from 1 to 5 years
  • Repayment options of weekly, monthly, bi-weekly or semi-monthly
  • Save money! No transfer-in fee (some conditions may apply)
  • Minimum 20% down payment (for a conventional mortgage)
  • Mortgage appraisals paid by the credit union on all transfers-in of acceptable property
  • Convenient options! Payroll Deposit and auto transfer offer an easy method of repayment: weekly, bi-weekly, monthly, or semi-monthly
  • 'OPEN' The flexibility to pay down your mortgage should your property be listed for sale or a large deposit is expected.
  • INSURANCE: A full range of protection is available as creditor insurance coverage now includes disability, critical illness and loss of employment, click here.



 
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