The Advantage Mortgage

Get the mortgage that's different - for all the right reasons.

Our Advantage Mortgage provides a host of repayment, refinancing and money-saving advantages and preferred rates for our members.


  • Preferred ‘member’ rates available every day
  • Convenient pre-approval available and recommended
  • Rates guaranteed for 90 days from date of application and 120 days for first time home buyers
  • Flexible payment options - weekly, biweekly, monthly, 10 months
  • Standard range of closed terms available, from 6 months to 7 years, and variable (an interest penalty will apply for early repayment)
  • Open terms available for 6 months and 1 year, and variable (no interest penalty for early repayment)
  • Generous prepayment options including double-up payments on any regular payment date, increase payments up to 20% per year, or pay up to 20% of the principal on the anniversary date
  • Payment relief available during layoffs, strikes and leaves of absence (including parental)
  • Easy to refinance
  • Early renewal option
  • Regular statements issued
  • Life, disability, loss of income and critical illness insurance are available

This mortgage is right for you if:

  • You want maximum flexibility for repayment and refinancing
  • You have a minimum 20% down payment for a home

Interest rates

There is no guessing or negotiating required. We post our 'preferred' rates and can provide comparative ‘market’ rate information of the nation’s top five banks to demonstrate our competitiveness. Preferred rates are also automatically offered at renewal time.

Terms and conditions Expand/Collapse

  • Requires a minimum 20% down payment
  • Eligible security includes primary residences
  • Maximum mortgage amortization is 30 years
  • Legal, appraisal, processing and discharge fees apply

It's easy to apply

You can start your mortgage application online, call our Member Solutions Centre at 1.800.598.2891 or visit your branch (an appointment is recommended).

Mortgage rates are quoted as an Annual Percentage Rate (APR) and are calculated half-yearly not in advance.  Legal and appraisal fees and insurance would increase the APR.

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