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Incredibly LowMortgage Rates

Mortgage Options and Tools

Mortgage Repayment Options

Besides offering traditional monthly repayment schedules for your mortgage term (from six months to five years) we also offer schedules aligned with your paydays. Options for paying off your mortgage faster include:

  • 25% prepayment annually without penalty
  • Increasing your initial payment amount by 25%

Peace of Mind

We also offer insurance coverage to pay your mortgage and preserve your family home should something unforeseen occur.

A small percentage goes a long way

Based on a mortgage of $350,000, amortized over 20 years with a 5 year term, even a seemingly small savings in rate can make a huge difference in interest savings.

 Savings Percentage

Savings Over 5 Years

 Savings Over 20 Years

 0.25% less could save you  $4,089 in interest  $11,045 in interest
 0.5% less could save you  $8,189 in interest  $22,209 in interest
 1.00% less could save you  $16,416 in interest  $44,885 in interest

See the difference - and don't settle. Getting a new mortgage or moving an existing mortgage is easy with Member Savings. We are here to help you save - every step of the way.

Potential savings are based on rates of 4.25%, 4.50%, 4.75% and 5.00%

How Much House Can You Afford?

The first step in your home buying journey should be to contact a mortgage specialist to find out how much you can afford. Work out what is best financially for you and your family. 

Our Rates and Products

No need to squabble for a better rate, our lowest rates are posted - and the same for everyone. Whether you are buying a new home or switching your mortgage, knowing that you are already getting our lowest rate makes it easy.

We offer a full range of mortgage products, financing all kinds of properties, including condominiums and vacation properties. Member Savings provides both conventional mortgages (up to 80% of the property’s value) and high-ratio mortgages (up to 95%) insured by Genworth or Canada Mortgage and Housing Corporation.

Our Fixed Rate Mortgage offers you peace of mind knowing that your interest rate and payment won’t change for the term you selected. We offer a variety of fixed rate terms at very competitive rates from 6 months to 5 years. Know that you are getting our best rate every time, without having to haggle for it.

Time Period


6 months closed 2.59%
1 year closed 2.59%
2 year closed 2.59%
3 years closed 2.59%
4 years closed 2.49%
5 years closed 2.49%

Questions? Contact Us

416.860.3671 or 1.888.560.2218 ext. 202

Our five year Variable Rate Mortgage offers you the flexibility of being able to increase your payments by any amount at any time without penalty. The interest rate changes with Member Savings Credit Union Prime. This mortgage can be converted to a fixed rate closed mortgage at any time, without penalty.

Variable* 3.50%

* Five year term, convertible to a fixed rate closed mortgage at any time without penalty

Questions? Contact Us

416.860.3671 or 1.888.560.2218 ext. 202

Preferred Rate LOC Based on the Equity in Your Home

You've put in the time and effort to build up the equity in your home and now you can take advantage of all that hard work. A HELOC is a pre-approved loan at an interest rate as low as prime secured by a first or second mortgage. Funds are advanced, as required, up to your approved limit.

The funds are yours to renovate, consolidate, or use as you please and there are no annual fees.

  • Payments are tailored to your needs but can be as low as interest-only.
  • HELOC is used with the ease of our Personal Line of Credit, and may be available for up to a limit of 80% of the appraised value of your property, less any outstanding liens.
  • The HELOC provides ultimate convenience, funds available instantly with no fuss, and requires no further approvals.

Questions? Contact Us

or 1.888.560.2218 ext. 210

6 Reasons Why Our Mortgages Are A Better Choice For You


Unlike the big banks we don’t offer you an inflated posted rate and make you haggle to get our best rate. Our rates are your rates. Simple.


If you need to sell your house during your mortgage term, you pay no penalties with our mortgages.


If you need to break your mortgage mid-term, we offer a variety of ways to save on penalties, including Blend & Extend and early renewal options.


If you do have to pay a penalty we calculate it based on our actual rates, not using inflated posted rates. This can also save you thousands.


You can pay down your mortgage equalling up to 25% of your original balance, or increase your mortgage payment by up to 25%, with no penalties.


The most important reason our Mortgages are better is our qualified, accredited mortgage professionals who are ready to advise you on what’s best for you.


Saving for the down payment on a new home can be tricky and depending on your individual finances, it can be hard to know how much you can afford to spend. To crunch the numbers and kick start your home buying search visit Genworth Canada's Calculator website, helping you reach your goal.  Genworth Canada helps make home ownership possible for buyers with as little as 5% down. 

For more information about Genworth Canada please click here.