Fixed-Rate Closed

Worry-free! You get the lowest possible fixed rate:

  • Security of knowing your interest rate won’t rise over the term
  • 20/20 prepayment privileges
  • Weekly, bi-weekly, semi-monthly or monthly payments

Promotional Rate!

3.29%

5 Year Closed

Overview

If you are looking to budget with certainty, a Fixed-Rate Closed mortgage is for you.

Financing Available:

  • Conventional1
  • High-ratio2

Rates

Fixed Mortgages Rates
6 month closed 4.00%
1 year closed 2.94%
2 year closed 2.84%
3 year closed 3.55%
4 year closed 4.19%
5 year closed 4.79%

Additional Information

  • Valid fire insurance and assignment is required for the secured property
  • Property tax accounting service is offered at no cost5
  • Cost of credit and any fees will be disclosed at time of approval
  • Optional life, disability, loss of employment (GMP rider) and critical illness (GMP rider) insurance is available6

Payment Information

  • 20/20 prepayment privileges3
  • Make payments weekly, bi-weekly, semi-monthly or monthly
  • Accelerated payments may be weekly or bi-weekly4
  • Early prepayment (other than 20/20 provisions) is subject to a penalty

The information provided is general in nature only. For complete details contact a Conexus Credit Union lending expert.

  1. Loan is for no more than 80% of the appraised value or purchase price (whichever is less). Down payment comes from your own financial resources. Amortization is maximum 25 years.
  2. Down payment amount is less than 20% of the purchase price (minimum of 5%). Must be insured by CMHC or Genworth (incurs a fee from issuer). Insurance fees can be paid up front or added to the loan. Amortization maximum is 25 years.
  3. You can prepay up to 20% of your original mortgage amount annually. In addition, the scheduled payment amount (principal and interest) may be increased up to 20% once per calendar year. Prepayment privileges are non-cumulative. 
  4. If not set up at time of application a prepayment penalty may apply.
  5. Collection of property tax payments along with principal and interest payments may be a condition of mortgage approval.
  6. GMP (Group Mortgage Protection) is purchased separately through CUMIS.