Featured Mortgages

No matter which mortgage you choose, you'll always get:

Flexible payment schedules – make payments monthly, bi-weekly or weekly; whatever suits your life and your budget.

Fast approvals - you'll normally get an approval within 24 hours.

3 month rate guarantee - take the stress off. If interest rates go up before your mortgage is advanced, you still receive the pre-approved rate.

Save money later - add a home equity line of credit or other borrowing under your mortgage. You'll benefit from a low mortgage-secured interest rate and never have to pay legal fees again.

Take it with you - your mortgage is portable, which means you can transfer it to a new property and avoid pre-payment penalties.

Or sell it - your mortgage is also assumable, so you can sell your low interest rate mortgage with your house and swing a sale in your favour.


myStyle 2.64%* + Prospera Perks**

A five year closed mortgage with our lowest fixed rate

Recommended if:

  • You are purchasing your first home or are substantially upsizing
  • You want a monthly payment that is as low as possible
  • You are willing to give up some pre-payment flexibility in order to
    obtain the best rate


myClassic 2.74%* & up to $1,000 cash**

A closed, fixed rate mortgage with flexible pre-payment options

Recommended if:

  • You want a mortgage with pre-payment flexibility so that you can pay off your mortgage faster
  • You are buying your second home, an investment property or a vacation home


myWay 2.50%* & up to $1,000 cash**

A five year closed mortgage with a variable rate that floats with Prospera's Prime Lending Rate

Recommended if:

  • You are comfortable with rate fluctuations and want to take advantage of any low interest rate periods
  • You want a mortgage with pre-payment flexibility so that you can pay off your mortgage faster


Home Equity Line of Credit
Prospera Prime Lending Rate + 0.50%

A low-rate line of credit secured by the equity in your home

Recommended if:

  • You have built up equity in your home
  • You want to renovate, travel, make a major purchase, or
    consolidate high-interest debt



Subject to qualification.


disclaimer Expand/Collapse

* The Annual Percentage Rate (APR) is for a mortgage of $100,000 with monthly payments and a 25-year amortization, assuming no fees apply. If fees and/or charges apply, the total Cost of Credit and APR would increase. This rate is subject to member(s) being approved by Prospera Credit Union’s lending guidelines. Offer and rate may be changed, extended, or withdrawn at any time without notice. Available O.A.C.

**Some conditions apply. See branch for full details.

†Some conditions apply. The interest rate will fluctuate with the Prospera Prime Lending Rate and is subject to change at any time without notice. Rate is effective as of July 18, 2015. The Prospera Prime Lending Rate as of July 18, 2015 is 2.70%. This rate is subject to member(s) being approved by Prospera Credit Union’s lending guidelines. Offer and rate may be changed, extended, or withdrawn at any time without notice. Available O.A.C.
 

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