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MORTGAGES

MORTGAGES

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​Faster mortgage approvals

We won’t keep you waiting for your mortgage approval. Our quick and easy process ensures you hear back fast. 

​Solutions-focused

Our aim isn’t to sell, it’s to find you the right mortgage. That’s why we offer tailored recommendations to get you the best deal.

​Step-by-step guidance

The mortgage process can be confusing. We’ll provide proactive advice to guide you through every step with ease. 

​Better mortgage rates

We offer some of the best mortgage rates out there and they get even better when you join our Rewards Program.

​Faster mortgage approvals

We won’t keep you waiting for your mortgage approval. Our quick and easy process ensures you hear back fast. 

​Solutions-focused

Our aim isn’t to sell, it’s to find you the right mortgage. That’s why we offer tailored recommendations to get you the best deal.

​Step-by-step guidance

The mortgage process can be confusing. We’ll provide proactive advice to guide you through every step with ease. 

​Better mortgage rates

We offer some of the best mortgage rates out there and they get even better when you join our Rewards Program.

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COMPETITIVE RATES WITH PERSONALIZED SUPPORT

LINES OF CREDIT

A SOLUTIONS FOCUSED QUICK AND EASY PROCESS

LOAN SERVICES

​Get the lowest mortgage rates

​Open to any member, our Rewards Program offers you low borrowing rates, high savings and investing interest, and no-fee banking.

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​Explore your mortgage options

​FIXED RATE MORTGAGE 

Right for you if you want to lock in a great mortgage rate for a set period of time. 

​Key features

  • Move your mortgage to TPCU and we’ll cover your mortgage appraisal and transfer fees (some conditions may apply)
  • Flexible repayment options: weekly, bi-weekly, semi-monthly or monthly
  • Ability to pay down your mortgage at any time without penalty
  • Payment through payroll deposit and auto-transfer available
  • Term lengths from 1 to 5 years 
  • Competitive mortgage rates 


​​Rewards Membership

Become a Rewards Member and receive a lower interest rate on Fixed Rate Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​FIXED RATE MORTGAGE 

A fixed rate mortgage is right for you if you want your rate locked in for a specific term. A fixed rate can protect you if interest rates go up. Your rate will stay the same for the term of your mortgage.

​Key features

  • Flexible repayment options: weekly, bi-weekly, semi-monthly, or monthly
  • This mortgage is good for you if you do not plan to sell or refinance your home before your term is up (penalities may apply to get out of a fixed rate mortgage)
  • 1-5 year fixed rate closed term
  • Pay up to 20% of the original principal mortgage amount per calendar year
  • Increase your original payment up to 100%
  • Amortization up to 30 years

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on Fixed Rate Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​VARIABLE RATE MORTGAGE 

Right for you if you want to take advantage of fluctuating mortgage rates to get the best deal.

​Key features

  • Move your mortgage to TPCU and we’ll cover your transfer fees (some conditions may apply)
  • Five-year closed term with amortization up to 30 years available 
  • Flexible repayment options: weekly, bi-weekly, semi-monthly or monthly
  • Competitive mortgage rates


​Rewards Membership

Become a Rewards Member and receive a lower interest rate on Variable Rate Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​VARIABLE RATE MORTGAGE 

A variable rate mortgage is right for you if you want a mortgage rate that will fluctuate up or down. Your rate may fluctuate based on the Credit Union Prime rate. There may be more risk to this mortgage as your rates may increase, but you may also benefit if rates decrease.

​Key features

  • Flexible repayment options: weekly, bi-weekly, semi-monthly, or monthly
  • This mortgage is good for you if you do not plan to sell or refinance your home before your term is up (penalities may apply to get out of a variable rate mortgage)
  • 5 year variable rate closed term
  • Pay up to 10% of the original principal amount per calendar year
  • Increase your original payment up to 100%
  • Amortization up to 30 years



​Rewards Membership

Become a Rewards Member and receive a lower interest rate on Variable Rate Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​CREDITMASTER MORTGAGE 

Right for you if you want to use the growing equity in your home for other borrowing needs, like renovations or a new car. 

​Key features

  • Attach a term loan or home equity line of credit to your mortgage without additional legal fees
  • Borrow using the low mortgage rates you’ve already secured, or negotiate separate rates and terms entirely
  • Fixed and variable rate options available


​Rewards Membership

Become a Rewards Member and receive a lower interest rate on CreditMaster® Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​CREDITMASTER MORTGAGE®

The CreditMaster® mortgage is right for you if you want a mortgage that is flexible and re-advanceable

​Key features

  • Flexible repayment options: weekly, bi-weekly, semi-monthly, or monthly
  • Choose the term(s) that are right for you, rates to suit your needs. Stagger your maturity dates.
  • Save on extra legal fees. Future advancements are done in house with lower fees
  • 6-12 month open, 1-5 year closed terms
  • Prepayment option dependant on closed or variable term chosen
  • Build borrowing power as your property value increases and your mortgage balances decrease
  • Choose a Primeline home equity line of credit 




​Rewards Membership

Become a Rewards Member and receive a lower interest rate on CreditMaster® Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​HIGH RATIO MORTGAGE

Right for you if you’re looking to buy a home but don’t have the full 20% down payment necessary. 

​Key features

  • Available with as little as 5% down payment 
  • Term lengths from 1 to 5 years 
  • Flexible repayment options: weekly, bi-weekly, semi-monthly or monthly
  • Competitive mortgage rates 


​Rewards Membership

Become a Rewards Member and receive a lower interest rate on High Ratio Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​HIGH RATIO MORTGAGE 

A high ratio mortgage is right for you if you have a down payment of less than 20% of the purchase price of the home you are buying. High ratio mortgages are insured against default and require a payment of a premium which can be added to your mortgage.

​Key features

  • Finance up to 95% of the purchase price
  • Flexible repayment options: weekly, bi-weekly, semi-monthly, or monthly
  • Choose a term between 6-12 months open, 1-5 year fixed closed or 5 year closed variable
  • Prepayment option dependant on closed or variable term chosen
  • Amortization up to 25 years




​Rewards Membership

Become a Rewards Member and receive a lower interest rate on High Ratio Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

SHORT TERM OPEN MORTGAGE

An open term mortgage is right for you if you want the flexibility to pay down or pay off your mortgage at any time without penalty. This mortgage will have a higher rate than a closed mortgage.

Key features

  • Flexible repayment options: weekly, bi-weekly, semi-monthly, or monthly
  • You may sell or refinance prior to the end of your term
  • Open term that may be paid down or paid off at anytime with no penalty
  • 6-12 month fixed rate term
  • Amortization up to 30 years

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on Short Term Open Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing 

Learn more about rewards membership

INVESTMENT MORTGAGE

This mortgage is right for you if you are buying or need to refinance an investment or non-owner-occupied property. 

Key Features

  • Finance up to 80% of the value of the property
  • Flexible repayment options: weekly, bi-weekly, semi-monthly, or monthly
  • Choose a term between 6-12 months open, 1-5 year fixed closed or 5 year closed variable
  • Prepayment option dependant on closed or variable term chosen
  • Amortization up to 25 years

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on Investment Mortgages

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing 

Learn more about rewards membership

​Try our mortgage calculator

​See how much mortgage you can afford and what your payments could look like with our mortgage calculator.

​Try our mortgage calculator

​See how much mortgage you can afford and what your payments could look like with our mortgage calculator.

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​CREDIT CARDS TO MATCH YOUR GOALS

Put your spending to use earning the rewards you want. Plus the more you spend, the more we send in donations to the Police Memorial Foundation.

​MAKE THE MOST OF YOUR HOME EQUITY

​Take advantage of your home equity to achieve even more of your goals, from renovations to your dream vacation, with our low-interest home equity line of credit.

​CREDIT CARDS TO MATCH YOUR GOALS

​Put your spending to use earning the rewards you want. Plus the more you spend, the more we send in donations to the Police Memorial Foundation. 

​MAKE THE MOST OF YOUR HOME EQUITY

Take advantage of your home equity to achieve even more of your goals, from renovations to your dream vacation, with our low-interest home equity line of credit.

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​NEW MORTGAGE RULES AND YOU

How Canada’s new mortgage lending rules may impact your decision to buy a new home now or in the future. 

NEW MORTGAGE RULES AND YOU

How Canada’s new mortgage lending rules may impact your decision to buy a new home now or in the future.