Personal Lending

Members Get It ® Mortgages

That feeling you get when you get a great rate and $1,000 to invest.

Our members get more with Members Get It Mortgages. Most importantly, you'll get a great rate.2 You also won't have to choose between homeownership and saving, because you'll get up to $1,000 in Help Extras® – and more Help Extras when you renew down the road.3

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Featured Mortgage Rates (Effective 6-Feb-17)
2.30 % 5-Year Variable *
2.64 % 5-Year Fixed Insured Rate †


Variable Rate - Closed1

2.30 % 5-Year Term

Features:

  • Interest rate varies with prime, offering a lower rate than an open mortgage
  • Your monthly payments stay the same for the term
  • If you change your mind, you can convert to any closed fixed rate mortgage term equal to or exceeding the then remaining term
  • Pay up to 20% of the principal once a year on the anniversary date
  • Available with up to $500,000 life and disability insurance

Best for you if:

  • You want the flexibility of switching to a fixed rate mortgage at the right time

Fixed Rate - Closed1

2.74 % 5-Year Term

Features:

  • Provides stability with a fixed rate and payments for the life of the term
  • Choose from 1 to 10-year terms
  • Lower rates than an open mortgage
  • Pay up to 20% of the principal once a year on the anniversary date
  • Available with up to $500,000 life and disability insurance

Best for you if:

  • You're a short-term budgeter who doesn't want to worry about rate changes

Insured Fixed Rate - Closed4

2.64 % 5-Year Term

Features:

  • Special rate for those with a down payment less than 20%
  • Provides stability with a fixed rate and payments for the life of the term
  • Choose from 1 to 10-year terms
  • Lower rates than an open mortgage
  • Pay up to 20% of the principal once a year on the anniversary date
  • Available with up to $500,000 life and disability insurance

Best for you if:

  • Your down payment is less than 20% and you'll be paying high-ratio insurance (like CMHC or Genworth Insurance)
  • You're a short-term budgeter who doesn’t want to worry about rate changes

Fixed Rate – Open5

3.79 % 1-Year Term

Features:

  • Available in a 1-year term so you don't have to be afraid of commitment
  • You can switch to a closed mortgage or make additional payments any time with no penalty

Best for you if:

  • You're not ready to commit to a longer term but don't want to worry about rate changes
  • You can pay off some or all of your mortgage at any time, for no additional cost
Moving box

What do members get?

  • Get $1,000 in Help Extras with new mortgages or renewals for a term of 3 years or more; terms of 1 or 2 years receive $500
  • Help Extras can be put toward an RRSP, RESP, Term Deposit, Tax-Free Savings Account or another investment – or a combination
  • Help Extras are assigned once your mortgage is funded
  • When it’s time to renew again, you’ll be eligible for more Help Extras
  • Help Extras for small businesses are also available
  • A Members Get It Mortgage comes with the Free Chequing, Free Debit and More Account®

Choose your Help Extra.

No need to choose between home ownership and saving, because Members Get It Mortgages come with Help Extras. With a new mortgage or renewal of 3 years or more, you’ll get $1,000 in Help Extras towards an investment like an RRSP or Tax-Free Savings Account. Or for a 1 or 2 year mortgage, you’ll still receive $500 in Help Extras. And the best part is that this isn’t a limited time offer – when you renew again, more Help Extras will be on the way.

RRSP

For most people, an RRSP is that thing you’re putting money into to save for retirement. Think of it as a personal pension plan.

  • Can help reduce the amount of taxes you pay each year or possibly increase the size of the tax refund you will receive
  • Choose from a variety of investment options
  • We’ll issue a tax receipt right away

RESP

In a nutshell, an RESP is a government sponsored investment plan that helps you save for your child’s post-secondary education.

  • $1000 will turn into $1,200 with the help of the Basic Canada Education Savings Grant
    • The Basic Canada Education Savings Grant will give you 20% on every dollar of the first $2,500 contributed to a RESP each year
  • Plans can be individual plans or family plans

Mutual Funds

Our family of mutual funds gives you more of what you want – conservative management, simplicity and affordability. And less of what you don’t want – like fees.

  • Our own Low-fee, More-for-me Mutual Funds™ are easy to understand, affordable and are conservatively managed. Available as a non-registered investment or in registered plans like an RRSP, RESP or TFSA.
  • Mutual Funds are most helpful if:
    • you have 5-10 years to build your investments
    • you are looking for alternative investments with the potential for higher returns

Tax-Free Savings Account (TFSA)

If you're over 18, thanks to the government, you won't get taxed on the interest made on your investment, even when it's withdrawn. That's right, no taxes, from the government.

  • Investment income earned in a TFSA plan, will not be taxed even when withdrawn
  • Unused TFSA contribution room can be carried forward to future years
  • There is no maximum age limit to open or hold a TFSA
  • There's no deadline for your contributions

Term Deposits

Investment options with guaranteed returns. Whether you’re investing for the short term or the long term, we’ve got the term deposit for you.

  • Guaranteed investment returns
  • Cashable and non-cashable options to accommodate needs
  • Our rates are extremely competitive

Ready to apply online?

Here's what you need to do.

Step 1

Take no more than 10 minutes to complete the pre-approval form. We’ll get back to you within 2 business days.

Step 2

We’ll contact you to discuss your application including required documents, rates and terms. We’ll also help you select your Help Extras.

Step 3

Finalize the mortgage at a branch of your choice.


Get started

Mortgage questions? Let's chat.

Call us at 1.888.517.7000 Mon-Sat, 8am-8pm. Or, we'll come to you.

Talk to a Mobile Banking Specialist Find a branch

  1. Closed, residential first mortgages only. Interest rate and approval based on risk profile. Additional fees may apply. If fees apply, the Annual Percentage Rate (APR) could increase. Rates subject to change without notice.
  2. Initial interest rate and APR, compounded monthly.
  3. Some conditions apply for Help Extras. Contact us for details.
  4. For new high-ratio closed residential first mortgages only. Interest rate and approval based on risk profile. Additional mortgage insurance criteria may apply. Additional fees may apply, and Annual Percentage Rate (APR) could increase. Rates subject to change without notice. Initial interest rate and APR compounded monthly.
  5. For residential first mortgages only. Interest rate and approval based on risk profile. Additional fees may apply. Interest rates subject to change without notice. Initial interest rate and the Annual Percentage Rate (APR) on a 1-year fixed, open mortgage, compounded semi-annually. If fees or charges apply, the APR could increase. Interest rates effective Feb 6, 2017 and subject to change without notice.