Mortgage Rates

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3 Year Fixed Rate Closed Mortgage - High Ratio Only – 5.09%

Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25 year amortization period for members with less than 20% down payment, purchasing a residential property valued at under $1,000,000 or subsequent renewing of such a loan, who are eligible for and purchase mortgage default insurance and meet other conditions. This promotional rate is also available for members switching their existing high ratio mortgage, which has the lesser of 25 year amortization period or the remaining amortization of the mortgage to be switched to Member Savings. The switched mortgage must also have had less than a 20% down payment at another financial institution and an active mortgage default insurance certificate; be a residential property with an original purchase price under $1,000,000; and meet other conditions. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 5.09%. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Member Saving's lending guidelines. Mortgage incentives of up to $1,000. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only.

5 Year Fixed Rate Closed Mortgage - High Ratio Only – 4.84%

Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25 year amortization period for members with less than 20% down payment, purchasing a residential property valued at under $1,000,000 or subsequent renewing of such a loan, who are eligible for and purchase mortgage default insurance and meet other conditions. This promotional rate is also available for members switching their existing high ratio mortgage, which has the lesser of 25 year amortization period or the remaining amortization of the mortgage to be switched to Member Savings. The switched mortgage must also have had less than a 20% down payment at another financial institution and an active mortgage default insurance certificate; be a residential property with an original purchase price under $1,000,000; and meet other conditions. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 4.84%. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Member Saving's lending guidelines. Mortgage incentives of up to $1,000. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only.

5 Year Variable Rate Closed Mortgage High Ratio Only – 5.95% (Prime-0.75%)

Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25 year amortization period for members with less than 20% down payment, purchasing a residential property valued at under $1,000,000 or subsequent renewing of such a loan, who are eligible for and purchase mortgage default insurance and meet other conditions. This promotional rate is also available for members switching their existing high ratio mortgage, which has the lesser of 25 year amortization period or the remaining amortization of the mortgage to be switched to Member Savings. The switched mortgage must also have had less than a 20% down payment at another financial institution and an active mortgage default insurance certificate; be a residential property with an original purchase price under $1,000,000; and meet other conditions. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 5.95% (Prime -0.75%). Prime refers to the Member Savings' Prime Rate. Member Savings Prime Rate is 6.70% as of January 27, 2023. Your interest rate will change whenever the Member Savings Prime rate changes.  Rates calculated monthly not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Member Saving's lending guidelines. Mortgage incentives of up to $1,000. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only.

Residential Fixed Closed Mortgages

Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate displayed. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Alterna’s lending guidelines. Mortgage incentives of up to $1,000 may be granted, subject to conditions.

3 Year Variable Rate Closed Mortgage – 6.20% (Prime-0.50%)

Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 6.20% (Prime -0.50%). Prime refers to the Member Savings Prime Rate. Member Savings Prime Rate is 6.70% as of January 27, 2023. Your interest rate will change whenever the Alterna Prime rate changes. Rates calculated monthly not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Member Saving's lending guidelines. Mortgage incentives of up to $1,000 may be granted, subject to conditions.

5 Year Variable Rate Closed Mortgage – 6.20% (Prime-0.50%)

Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 6.20% (Prime -0.50%). Prime refers to the Member Savings Prime Rate. Member Savings Prime Rate is 6.70% as of January 27, 2023. Your interest rate will change whenever the Alterna Prime rate changes. Rates calculated monthly not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Member Saving's lending guidelines. Mortgage incentives of up to $1,000 may be granted, subject to conditions.

Note: Rates are provided for information purposes only and are subject to change at any time.