Incredibly Low
Mortgage Rates

Our Rates  Apply Online  First-Time Home Buyers 

Our Products & Benefits

No need to squabble for a better rate, our lowest rates are posted - and the same for everyone. Whether you are buying a new home or switching your mortgage, knowing that you are already getting our lowest rate makes it easy.

Besides offering traditional monthly repayment schedules for your mortgage term (from one to five years) we also offer schedules aligned with your paydays. Options for paying off your mortgage faster include:

  • 20% prepayment annually without penalty
  • Increasing your initial payment amount by 20%

We offer a full range of mortgage products, financing all kinds of properties, including condominiums and vacation properties. Member Savings provides both conventional mortgages (up to 80% of the property’s value) and high-ratio mortgages (up to 95%) insured by Genworth or Canada Mortgage and Housing Corporation.

Peace of Mind

We also offer insurance coverage to pay your mortgage and preserve your family home should something unforeseen occur.

Our Fixed Rate Mortgage offers you peace of mind knowing that your interest rate and payment won’t change for the term you selected. We offer a variety of fixed rate terms at very competitive rates from 6 months to 5 years. Know that you are getting our best rate every time, without having to haggle for it.

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Questions? Contact Us

416.860.3671 or 1.888.560.2218 ext. 202

Ask a Mortgage Specialist 

Apply Online 

Our five year Variable Rate Mortgage offers you the flexibility of being able to increase your payments by any amount at any time without penalty. The interest rate changes with Member Savings Credit Union Prime. This mortgage can be converted to a fixed rate closed mortgage at any time, without penalty.

View Rates

Questions? Contact Us

416.860.3671 or 1.888.560.2218 ext. 202

Ask a Mortgage Specialist 

Apply Online 

Preferred Rate LOC Based on the Equity in Your Home

You've put in the time and effort to build up the equity in your home and now you can take advantage of all that hard work. A HELOC is a pre-approved loan at an interest rate as low as prime secured by a first or second mortgage. Funds are advanced, as required, up to your approved limit.

The funds are yours to renovate, consolidate, or use as you please and there are no annual fees.

  • Payments are tailored to your needs but can be as low as interest-only.
  • HELOC is used with the ease of our Personal Line of Credit, and may be available for up to a limit of 80% of the appraised value of your property, less any outstanding liens.
  • The HELOC provides ultimate convenience, funds available instantly with no fuss, and requires no further approvals.

Questions? Contact Us

416.860.3671 or 1.888.560.2218 ext. 202

Ask a Mortgage Specialist 

Apply Online 

6 Reasons Why Our Mortgages Are A Better Choice For You

NO “HAGGLING” PENALTIES

Unlike the big banks we don’t offer you an inflated posted rate and make you haggle to get our best rate. Our rates are your rates. Simple.

NO “GOTTA GO” PENALTIES

If you need to sell your house during your mortgage term, you pay no penalties with our mortgages.

NO “BREAK UP” PENALTIES

If you need to break your mortgage mid-term, we offer a variety of ways to save on penalties, including Blend & Extend and early renewal options.

NO “FOOLING AROUND” PENALTIES

If you do have to pay a penalty we calculate it based on our actual rates, not using inflated posted rates. This can also save you thousands.

NO “I WANT TO SPEND LESS TIME WITH YOU” PENALTIES

You can pay down your mortgage equalling up to 25% of your original balance, or increase your mortgage payment by up to 25%, with no penalties.

NO “THIS IS ABOUT ME, NOT YOU” PENALTIES

The most important reason our Mortgages are better is our qualified, accredited mortgage professionals who are ready to advise you on what’s best for you.