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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.

  • Conventional mortgages are available for up to 80% of the appraised value of the property.

  • CMHC mortgages are available to qualified members with up to 95% financing offered.

  • Pre-approved mortgage, know how much you can afford and receive a 90 day rate guarantee.

  • Second mortgages are available up to 80% of the appraised value of the property.

  • 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:

  • Highly competitive rates.

  • Further interest rate reduction available, ask for details.

  • Conventional mortgages up to 80% financing

  • CMHC mortgages up to 95% financing.

  • Flexible terms:
    Open (6 month to 2 years)
    Fixed (6 month to 5 years)

  • Amortization periods up to 25 years.

  • Flexible repayment options available (up to 20% of original principal per annum).

  • Economical insurance options.

  • Prompt professional service by our friendly staff.

You can find answers to frequently asked questions about mortgages here.


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2022 Ontario Educational Credit Union
Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637