Closed Term Mortgage

Our Closed Term Mortgages off a fixed rate at a defined term. Choosing a mortgage is as important as choosing your home! We can show you the financial options available and help you choose the best mortgage to suit your budget, lifestyle and general needs.

Benefits:
  • Generous pre-payment options
  • Convienent weekly or bi-weekly payment schedules can actually save thousands
  • Peace of mind with low-cost life, disability, critical illness, and job loss insurance for single or joint coverage

Features: 
  • Flexible repayment term - choice of amortization
  • Renewal terms of 1 to 5 years
  • Competitive rates
  • Pre-approvals available
  • Maximum amortization up to 25 years
  • Semi-annually or monthly statements with a chequing account
  • Financing may be available up to 95% with CMHC insurance
  • Payments via payroll deductions, automatic transfer from your Victory Creidt Union account, or Automatic Funds Transfer from another institution
  • Property taxes are collected and paid each year by Victory Credit Union on behalf of the member
Unsure of what mortgage works best for you? Try our Mortgage Calculator or Make an Appointment today to talk to us about your options.
 

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