Residential Mortgages 
We want to help you
with the largest single purchase you may ever make!
If you are purchasing a home or renewing your current mortgage let
us help you with a fully disclosed mortgage. Ontario Educational
Credit Union first and second home mortgages are the best way to
finance your home.
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Conventional mortgages are available for up to
80% of the appraised value of the property.
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CMHC mortgages are available to qualified members
with up to 95% financing offered.
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Pre-approved mortgage, know how much you can
afford and receive a 90 day rate guarantee.
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Second mortgages are available up to
80% of the
appraised value of the property.
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Bridge Financing available.
Payments can be made through payroll deduction.
Assistance with legal and appraisal fees is available.
You owe it to yourself to talk to us before you take out a new
mortgage or renew your current mortgage. A phone call can save you
money and frustration. We will custom tailor your mortgage to meet
your specific situation and needs.
We offer:
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Highly competitive rates.
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Further interest rate reduction available, ask
for details.
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Conventional mortgages – up to
80% financing
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CMHC mortgages – up to 95% financing.
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Flexible terms:
Variable
Open (6 month to 2 years)
Fixed (6 month to 5 years)
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Amortization periods up to 25 years.
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Flexible repayment options available (up to 20%
of original principal per annum).
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Economical insurance options.
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Prompt professional service by our friendly
staff.
You can find answers to
frequently asked questions about mortgages
here. |
