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Whether you’re a first-time home buyer or an experienced homeowner, we have a flexible mortgage option to fit your needs.


High Ratio Mortgage


Designed for those with less than 20% saved for their down payment.

Key Features
  • Available with as little as 5% down payment
  • Flexible terms and repayment options available
  • Requires mandatory mortgage insurance

CreditMaster® Mortgage


Designed for those who have 20% down payment saved and want a flexible mortgage that lets them take advantage of the equity in their home.


Key Features
  • Available with minimum of 20% down payment
  • Segment your mortgage into various loan types (i.e. fixed rate mortgage and line of credit)
  • Customize your mortgage to any length and type of mortgage offered by CDCU
  • Make monthly payments as low as interest only without penalties on open terms or lines of credit
  • Readvance on your mortgage* as your financial needs change, without having to pay a new set of legal fees



Enjoy the flexibility of our mortgage options

Our closed mortgages give you the benefit of better rates than open mortgages, with additional perks to help you pay down your mortgage faster:

  • Pay up to 20% of the original principal once a year on the anniversary date
  • Double up your payments on any payment plan you choose
  • Accelerate your payments by choosing weekly or bi-weekly payment plans

You get to lock in your mortgage rate for any term you choose, so your payments stay the same during that time.  

You can still pay up to 20% of the original principal once a year on the anniversary date.

An open mortgage gives you the ability to repay any amount of your mortgage balance whenever you want, without penalty. Rates are typically higher than closed mortgages, so you can switch to a closed mortgage at any time.

The interest rate fluctuates with our prime rate, though your payments stay the same throughout the term you choose. So, if the prime rate goes down, more of your monthly payment goes to your mortgage principal and, if it increases, more goes towards interest.  

You can convert to a fixed rate mortgage at any time.


Get in touch! We’ll be happy to help you determine the right mortgage for you.


Emergencies happen. Creditor insurance ensures they don’t impact your ability to make your mortgage payments.


Ready to get started? See what you’ll need to have on hand for a smooth application.


Find out how much mortgage you can afford and compare your options.


​Have a question?

Connect with a member of our team by phone, in-person or online. The choice is yours. 




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