Get this Rate

Interest rate offered by the lender or broker for the mortgage loan. Mortgage Rate

3.25%

The amount you will pay monthly based on your total mortgage amount. Monthly Payment

$1201.15

How long the mortgage agreement is set for.

HINT: Help! I'm a Mortgage Newbie, if you're unsure what to select a five year term is the most popular choice.

Mortgage Term

5 Years

Fixed vs Variable

FIXED: mortgage rate does not change during your term - in other words you are locked in. VS. VARIABLE: mortgage rate changes during the term with the lender's prime rate.

Open vs Closed

CLOSED: you cannot pay off your mortgage early during the term without being charged a penalty. VS. OPEN: you can pay off your mortgage early with no penalty during the term.

HINT: Help! I'm a Mortgage Newbie, if you're not sure what to choose you're probably looking for a closed rate.

Mortgage Type

Closed Fixed

Rate availability

British Columbia

A mortgage where the borrower has less than 20% of the property or house value. The mortgage must then be insured against payment default by a Mortgage Insurer, such as CMHC, or Genworth Financial. High-ratio Mortgage

Yes

The amount you can overpay on your mortgage every year.. Lump Sum Monthly

100%

The amount you can overpay on your monthly payments. Lump Sum Annual

20%

The length of time (usually 30 to 120 days) a lender will guarantee this rate. (Think of it like the length of time you can put something on hold at a store to guarantee that price.) Rate Hold

90 Days

The lowest amount of money required to be borrowed for the lender/broker to offer this mortgage rate. Min amount

$50,000

Details and Offers

BC residents only.

About Coast Capital Savings

We are Coast Capital Savings, Canada's second largest credit union. We're not a bank. We're better. We're a credit union. That means you're not only a customer, you're a member. How can we help you?

Haggle-free Guarantee
All our mortgages come with our Haggle-free Guarantee. We've taken the negotiation out of the mortgage process, so we'll automatically offer you the best rate possible based on your risk profile. You'll find our Haggle-free rates are very competitive. And you won't have to work to get them.

Annual Percentage Rate (APR), compounded semi-annually. If fees and/or charges apply, the APR could increase. Mortgage rate and approval based on risk profile. Interest rates are subject to change without notice.