Mortgages


For our members, buying a house is probably one of the biggest purchases they’ll make.  With so many mortgage options to choose from, we’ll keep it simple and honest – after all, honest banking is what we’re all about.

Advance Savings has the expertise to help you make the home ownership and financiual decisions that benefit you, regardless of the stage you are in your life.

Up-to-95 Mortgage Expand/Collapse

Do you have some change saved, but not enough to buy your dream home?  The Up-to-95 Mortgage lets our members buy a home with as little as a 5% down payment.

Minimum downpayment needed:  5% of the purchase price

Benifits and peace of mind.

  • Customize your payment amount and the timing of your payment to suite your needs
  • No early renewal penalties
  • Fixed rates and terms from 1 to 5 years
  • Amortization up to 25 years
  • Low cost life, disability, critical illness and loss of employment insurance
  • Prepay as much as 25% of your outstanding mortgage balance every 12 months
  • Double your regular monthly mortgage payment plus
  • Make a principal payment at renewal time for any amount you wish

Reno Mortgage Expand/Collapse

Did you fall in love with that beautiful Victorian house, but the roof leaks? The Reno Mortgage can our members purchase and update your home with custom improvements.

Minimumn downpayment needed:  5% of the purchase price

Benifits and peace of mind.

  • Customize your payment amount and the timing of your payment to suite your needs
  • No early renewal penalties
  • Fix rates and terms from 1 to 5 years
  • Amortization up to 25 years
  • Low cost life, disability, critical illness and loss of employment insurance
  • Prepay as much as 25% of your outstanding mortgage balance every 12 months
  • Double your regular monthly mortgage payment plus
  • Make a principal payment at renewal time for any amount you wish

Income-Flex Mortgage Expand/Collapse

Being self-employed is hard enough – buying your home shouldn’t be. The Income-Flex Mortgage provides our self-employed members who have tricky self-employed scenarios a mortgage based on stated income and industry standards.

Minimumn downpayment needed:  5% of the purchase price

Benifits and peace of mind.

  • Customize your payment amount and the timing of your payment to suite your needs
  • No early renewal penalties
  • Fix rates and terms from 1 to 5 years
  • Amortization up to 25 years
  • Low cost life, disability, critical illness and loss of employment insurance
  • Prepay as much as 25% of your outstanding mortgage balance every 12 months
  • Double your regular monthly mortgage payment plus
  • Make a principal payment at renewal time for any amount you wish

Lots-Down Mortgage Expand/Collapse

Did you scrape and save for homeownership? The Lots-Down Mortgage provides our members who have 20 % or more for a down payment with mortgage options tailored to what they need.

Minimumn downpayment needed:  20% of the purchase price

Benifits and peace of mind.

  • Customize your payment amount and the timing of your payment to suite your needs
  • No early renewal penalties
  • Fix rates and terms from 1 to 5 years
  • Amortization up to 25 years
  • Low cost life, disability, critical illness and loss of employment insurance
  • Prepay as much as 25% of your outstanding mortgage balance every 12 months
  • Double your regular monthly mortgage payment plus
  • Make a principal payment at renewal time for any amount you wish

Keep-it-Green Mortgage Expand/Collapse

With a Keep-it-Green Mortgage, our members who are buying an energy-efficient home or making green renos get all the perks, like a refund of up to 25 % of the mortgage insurance premium and discounted rates!  It pays to be green!

Minimumn downpayment needed:  5% of the purchase price

Benifits and peace of mind.

  • Customize your payment amount and the timing of your payment to suite your needs
  • No early renewal penalties
  • Fix rates and terms from 1 to 5 years
  • Discounted interest rate for energy-efficient homes
  • Amortization up to 25 years
  • Low cost life, disability, critical illness and loss of employment insurance
  • A refund of up-to 25% of the mortgage insurance premium
  • Prepay as much as 25% of your outstanding mortgage balance every 12 months
  • Double your regular monthly mortgage payment plus
  • Make a principal payment at renewal time for any amount you wish

Home Line of Credit Expand/Collapse

A Home Line of Credit offers our members the ability to avoid interest charges on money from your mortgage you didn’t yet use.

Minimumn downpayment  or home-equity needed:  20% of the purchase price or home value

Benifits and peace of mind.

  • Customize your payment amount and the timing of your payment to suite your needs
  • Pay interest on only the amount you use
  • Variable rates
  • Low cost life, disability, critical illness and loss of employment insurance
  • Prepay as much as you want
  • Minimum interest only monthly payments


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