Mortgages

I want to own my own home, can I afford to buy?

MCU recognizes that the purchase of your home is the biggest investment that you will ever make! That is why it is so important to make the right decision. A decision that will be based on interest rates, accessibility and service.              

With low mortgage rates this is a great time to move from being a renter to an owner.  By owning your own home you start to build up equity in your house as your mortgage pays down and the value of your house usually appreciates.  Each individual’s situation is different and there are many options when it comes to choosing the right mortgage.  At MCU our professional lenders will sit down with you and work through these options to help you decide if the right time for you to be a home owner is now. 

Mortgage Plus Program


MCU believes that we are the best alternative for YOUR Mortgage!

MCU offers Competitive interest rates that will not be undersold!

Your Mortgage can be Open or Closed, Fixed, Variable or both through our “Split to Fit Mortgages”

With a variety of terms ranging from 6 months to 5 years MCU can give you the peace of mind and flexibility you are looking for in your mortgage.

We offer 2 kinds of mortgages, conventional where a down payment of 20% would be required or we can insure your mortgage through CMHC or Genworth with as little as 5% down

  • Fixed or floating rates available
  • Flexible payment options
  • Open and closed features
  • Creditor Insurance available
  • Various amortizations to a maximum of 25 years with terms up to 5 years
  • Activity is detailed on your monthly statement

Builders Mortgage


Can’t find your forever home on the market?  Let Minnedosa Credit Union help build your dream home!  We offer mortgages for new home construction that will have you picking out your kitchen design and planning your first family gathering before you know it.

We can help you with the process from initial discussions with the contractor, ordering an appraisal on your behalf and compliance under the Builder’s Lien Act.  Meet with our mortgage specialists to help build your new home!

 

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