TransCanada Credit Union - High Ratio Mortgage

You don't need a 20% down payment to get a mortgage - you can get a mortgage with as little as 5% down. If your down payment is less than 20% you will need a CMHC (Canadian Mortgage and Housing Corporation) insured mortgage.

With this insurance, TransCanada Credit Union can help you purchase a home with a lower down payment. We'll make financing convenient and help you choose the best options. Your insurance premium is added to your mortgage and included in your monthly payments.

Rates:

6 Month - Open/Fixed 6.70%
6 Month - Closed (20/20 Prepayable) 4.45%
1 Year - Open/Fixed 6.30%
1 Year - Closed (20/20 Prepayable) 3.59%
2 Year - Closed (20/20 Prepayable) 3.79%
5 Year - Open/Variable Prime + 1.50%
5 Year - Closed (20/20 Prepayable) 4.09%