What's Right For Me?
Finding the right mortgage for you
We're here to help you choose the right mortgage for your needs.
Here's some helpful information on mortgage terms and options.
Mortgage Term
A mortgage term is the length of time you're committed to a mortgage rate, lender, and associated conditions. Once your term is up, you may be able to renew your mortgage loan into a new term and rate or pay off the balance in full.
The Police Credit Union offers terms that range from 6 months to 5 years.
Mortgage Amortization
A mortgage amortization is the length of time that it will take to pay your mortgage in full.
The maximum amortization for a high ratio mortgage is 25 years and 30 years for a conventional mortgage.
Mortgage Term
A mortgage term is the length of time you're committed to a mortgage rate, lender, and associated conditions. Once your term is up, you may be able to renew your mortgage loan into a new term and rate or pay off the balance in full.
The Police Credit Union offers terms that range from 6 months to 5 years.
Mortgage Amortization
A mortgage amortization is the length of time that it will take to pay your mortgage in full.
The maximum amortization for a high ratio mortgage is 25 years and 30 years for a conventional mortgage.
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