Mortgages
Purchasing a home made easy.
What’s your next move?
Buying
Renewing
Switching
Find the mortgage that matches your needs
Open Mortgage
Perfect for you if...
You are looking for the flexibility of making increased or additional payments, to pay off your mortgage in full early or refinance or renegotiate your mortgage.
Key features
- Competitive rates
- Pre-approvals available
- Low-cost life and disability insurance available
- No application fee
- Weekly, biweekly, or monthly repayment schedules
Closed Mortgage
Perfect for you if...
You are looking for convenient payment schedules - which can make you save thousands of dollars.
Key features
- Flexible repayment term - choice of amortization
- Renewal terms of 6 months to 5 years
- Competitive rates
- Pre-approvals available
- Maximum amortization - 25 years
Up-to-95 Mortgage
Perfect for you if…
You have some money saved, but not enough to buy your dream home. The Up-to-95 Mortgage lets you buy a home with as little as a 5% down payment.
Key Features
- Customizable payment amounts and schedules
- Fixed rates and terms from 1 to 5 years
- Maximum amortization – 25 years
- Low-cost life and disability insurance available
- Lump sum payments of up to 25% annually
Keep-It-Green Mortgage
Perfect for you if…
You're looking to purchase a home which meets certain environmentally responsible standards.
Key Features
- Fixed rates and terms from 1 to 5 years
- Maximum amortization – 25 years
- Regular payment increases of up to 25%
- Lump sum payments of up to 25% annually
- Refund of up-to 25% of the mortgage insurance premium
Reno Mortgage
Perfect for you if…
You fell in love with that beautiful Victorian house, but the roof leaks. The Reno Mortgage can help you purchase and update your home with custom improvements.
Key Features
- Customizable payment amounts and schedules
- Fixed rates and terms from 1 to 5 years
- Maximum amortization – 25 years
- Low-cost life and disability insurance available
- Lump sum payments of up to 25% annually
Total Access Home Equity
Perfect for you if...
You are looking for the convenience of using your home's equity whenever you want. Unlock your home's equity to meet your ever-changing financial needs.
Key features
- Access up to 80% of your home's value at anytime
- Customized mortgage terms
- Flexible payment options
- Save interest charges with debt consolidation
- Low-cost life and disability insurance available
Income-Flex Mortgage
Perfect for you if…
You are self-employed and want to buy your home. The Income-Flex Mortgage provides our self-employed members who have tricky self-employed scenarios with a mortgage based on stated income and industry standards.
Minimum down payment needed: 5% of the purchase price
Key Features
- Customizable payment amounts and schedules
- Fixed rates and terms from 1 to 5 years
- Maximum amortization – 25 years
- Low-cost life and disability insurance available
- Lump sum payments of up to 25% annually
Lots-Down Mortgage
Perfect for you if…
You have money saved for homeownership. The Lots-Down Mortgage is for our members who have saved for a down payment of 20% or more.
Minimum down payment needed: 20% of the purchase price
Key Features
- Customizable payment amounts and schedules
- Fixed rates and terms from 1 to 5 years
- Maximum amortization – 25 years
- Low-cost life and disability insurance available
- Lump sum payments of up to 25% annually
Home Line of Credit
Perfect for you if…
You want to avoid interest charges on money from your mortgage you haven’t used yet.
Minimum down payment or home-equity needed: 20% of the purchase price or home value
Key Features
- Customizable payment amounts and schedules
- Pay interest on only the amount you use
- Variable rates
- Low-cost life and disability insurance available
- Minimum interest only on monthly payments
Get your mortgage your way
Not sure which mortgage is right for you?
We’ll be happy to help you pinpoint the option that best suits your needs.
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Credit Union Firsts
What do automated teller machines, consumer loans, daily interest savings accounts and electronic payment cards have in common with weekly mortgage payments? These financial services, which are now considered industry standards, were all pioneered by credit unions.
Choosing the right mortgage option
With more than one type of mortgage, you have flexibility and choice. Our mortgages are designed to meet your needs and our knowledgeable, friendly staff will guide you through the mortgage process.
Take a look at the latest competitive rates we offer for our mortgages.
Thinking of buying a home? Try our calculator to find the mortgage that fits your budget.
Level up your financial know-how
Guide to homebuying
Purchasing a home is no easy task. Our guide is your one-stop, go-to resource for all things homebuying.
How to ace the stress test
With a little preparation, you can get top marks on your mortgage stress test when the time comes to buy your first home.
Get more genuine tips, tricks, and helpful resources on our Honest Money blog.
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Copyright 2024 Brunswick Credit Union. All rights reserved.
Copyright 2024 Brunswick Credit Union. All rights reserved.
