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    GET $1,000 CASH BACK† WHEN YOU TRANSFER YOUR MORTGAGE

    Get started today with 5-year mortgage rates as low as 1.45%**.

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    CHOOSE THE RIGHT MORTGAGE FOR YOU

    Whether fixed or variable, open or closed, you'll find the perfect fit.


    Buying Your First Home

    Buying a home is an extraordinary adventure that comes with a lot of questions. You don’t have to figure out your plan alone. We're here to help.

    Buying Your Next Home

    Buying your second home is kind of like having a second child; you already know what to expect because you've done it once but there are some significant differences. Let's walk through those together. 

    Renewing or Switching

     Your mortgage may have been a perfect fit five years ago, but then again, so was your bathing suit. Let's find the mortgage that's the right fit for you today. 

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    Mortgage Features



    Flexible Schedule

    Choose a payment schedule that works for you and your budget. Our payment options are designed to time with your paycheque. Choose either weekly,  bi-weekly, semi-monthly or monthly payments.

    120-day Rate Guarantee

    Still looking for the perfect property? It takes time, we get it. Your pre-approved rate is guaranteed for 120 days. Keep hunting!

    Prepayment Options

    Prepay your mortgage by up to 20% of the original amount each year (conditions apply).

    Flexible Options

    Choose between fixed or variable mortgage rates and between open or closed mortgage terms.

    Skip a Payment

    Sometimes life hands us a lemon (occasionally it plants a lemon grove in our backyard). Skip a payment when the unexpected happens (conditions apply).

    Mortgage Protection

    Choose coverage options to ensure your mortgage payments will be made in the event of a job loss, illness or death.

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    FEATURED MORTGAGE RATES



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    View all mortgage rates


    Rates are subject to change without notice and are available on approved credit. Terms and conditions may apply.

    *The fixed mortgage rate is only available to members with greater than 20% down payment, purchasing a residential, owner occupied property valued at under $1,000,000, and who meet other conditions. A premium may be applied to the rates for all other mortgages. Please visit a branch or call us at 1-888-597-6083 for further details.

    **This insured mortgage rate is only available to members with less than 20% down payment, purchasing a residential property valued at under $1,000,000, who are eligible for and purchase mortgage default insurance and meet other conditions.


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    ​MORTGAGE PRE-APPROVAL

    Lock in your rate with our 120-day rate guarantee. Apply for mortgage pre-approval online or call us at 1-888-597-6083 to get started.

    GET APPROVED
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    MORTGAGE OPTIONS

    FIXED RATE MORTGAGE

    Relax knowing what your payments will be. Your rate stays the same for the term of your mortgage.

    Key Features & Benefits

    • Available in terms from 6 months to 10 years
    • Choose from closed, open and convertible fixed rate mortgages
    • Choose flexible payment terms: weekly, bi-weekly, semi-monthly and monthly
    • Save money by opting to increase your payments by up to 20% each year
    • Pay your mortgage down faster by opting to prepay it by up to 20% of the original amount each year


    VARIABLE RATE MORTGAGE

    A variable rate mortgage typically will offer a lower interest rate than a fixed rate mortgage. However, the interest rate will fluctuate with any changes in our prime interest rate.

    If interest rates go down, you could pay off your mortgage faster as more of your payment will go towards paying off your principal. If the prime rate goes up, more of your mortgage payment will go towards covering interest costs.

    Key Features & Benefits

    • Your mortgage payment remains fixed for the term
    • Available as open or closed  in terms from 6 months to 10 years
    • Choose from flexible payment terms: weekly, bi-weekly, semi-monthly and monthly
    • Save money by opting to increase your payments by up to 20% each year
    • Pay your mortgage down faster by opting to prepay it by up to 20% of the original amount each year
    • Switch over to a fixed rate mortgage at any time, with no penalty or fee


    CONSTRUCTION MORTGAGE

    Building a home can be complicated but financing it doesn't have to be. Our progressive draw construction mortgages offer flexible financing to help you build your new home or start a large-scale home renovation or expansion.

    How it works

    Get advances to pay for building costs. Funds are distributed typically in 3-6 stages (known as draws) throughout the construction period. While construction lasts, you are responsible for interest-only payments. The typical stages are:

    • Purchase of land
    • Foundation: site set-up, excavation, drainage and piping, and slab construction
    • Framing: wall frames, roof trusses, roughing in, plumbing water, plumbing gas, electrical and wrap
    • Lock-up: windows, doors, roofing, drywall, insulation, wiring and plumbing
    • Completion: exterior and interior finishing

    After the home is built and ready to occupy, the construction mortgage is converted to a conventional mortgage. 

    Key Features & Benefits

    • Available for owner-occupied or rental/investment properties
    • Maximum lending is 75% of appraised value (based on land value and approved plans)
    • Maximum amortization is 25 years
    • Maximum construction term is 12 months 

    OUR MORTGAGE RATES


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    *The fixed mortgage rate is only available to members with greater than 20% down payment, purchasing a residential, owner occupied property valued at under $1,000,000, and who meet other conditions. A premium may be applied to the rates for all other mortgages. Please visit a branch or call us at 1-888-597-6083 for further details.


    **This insured mortgage rate is only available to members with less than 20% down payment, purchasing a residential property valued at under $1,000,000, who are eligible for and purchase mortgage default insurance and meet other conditions.

    †Mortgage rates are subject to change without notice and are available O.A.C. Fixed mortgage rates are compounded semi-annually. Variable mortgage rates are compounded monthly. Terms and conditions may apply. Mortgage funds must be advanced within 120 days of the application. These rates are discounted and can not be combined with any other rate discounts, promotions or offers. Additional fees may apply. For specific Annual Percentage Rate (APR) rates, please contact us.

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    Resources for buying a home


    Mortgage Calculator

    Find out how much mortgage you can afford and what your payments might look like.

    CALCULATE NOW

    What is My Home Worth?

    Find out the assessed value of your current home and compare it to others in that area.

    LEARN MORE

    Advice and Tips

    Get insights on buying your home, from understanding your credit score to saving for a downpayment. 

    LEARN MORE
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    SWITCH YOUR MORTGAGE AND GET $1,000 CASH BACK† 

    Get started today with 5-year mortgage rates as low as 1.45%**.

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    WE'RE HERE FOR YOU

    Everything is easier with a little help.

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    First West Credit Union