Mortgages
Regardless of the mortgage you choose, we'll work hard to provide
you with final mortgage approval as quickly as possible. We offer
flexible payment and rate options to accommodate unique financing
requirements. You'll also find great flexibility in the assumability
and portability of our mortgage options.
We also offer life and disability insurance on our mortgage products
to give that extra security.
[Alberta Mortgage]
[Commercial Mortgages]
[Construction Financing]
[Fixed Rate Open Mortgage] [Apply
Online]
Bow Valley Credit Union offers a wide range of mortgage options
to suit a variety of borrowing situations. Both conventional and
CMHC High Ratio mortgages are available to help you realize your
dream of home ownership.
The Alberta Mortgage
One of the most attractive features of THE ALBERTA MORTGAGE is
it's unique 20/20 paydown options. Once annually, monthly payments
can be increased by 20%. Once annually, on the regular payment date,
a lump sum payment may be made up to 20% of the original mortgage
amount. The payment increase or prepayment options are not accumulative.
Commercial Mortgages
At Bow Valley Credit Union we offer commercial mortgages with a
full range of terms and options at competitive rates. You can choose
either a fixed or floating rate.
Construction Financing
Bow Valley Credit Union has unique financing options available
to save you money when building. We have two plans. One if you are
building your own home and the second if you are building for resale
or for investment.
Fixed Rate Open Mortgage
If you are looking for the maximum freedom in a residential mortgage,
our Fixed Rate Mortgage plan is the right choice. Few mortgages
offer all this flexibility.
Our open mortgage is designed to be as flexible as you need it
to be. A fixed interest rate term of one year is offered. In addition
to flexibility in payment frequency, the original payment amount
may be adjusted upward at any time without fee or penalty so you
can pay off your home faster and save significant interest costs.
You may repay your open mortgage in full or in part at any time
you wish without notice, bonus or penalty.
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