Disclaimer: Mortgage financing is subject to approved credit (OAC) and meeting Greater Vancouver Community Credit Union (GVC Credit Union)'s lending criterias. Additional conditions may apply. Interest Rates & Terms: Rates, terms, and conditions are subject to change without notice. The actual rate offered may differ based on creditworthiness, loan amount, term, and other qualifying criteria. Promotional rates may have specific eligibility requirements. Fees & Costs: Additional fees, including but not limited to appraisal fees, legal fees, and administrative charges, may apply. Borrowers are responsible for all associated closing costs. Prepayment & Penalties: Prepayment options and penalties vary based on the mortgage type. Early repayment fees may apply if the mortgage is paid out or refinanced before the term ends. No Guarantee of Refinancing: Approval is not guaranteed. Borrowers currently in private mortgages should be aware that refinancing may not always result in lower payments, and alternative exit strategies should be considered. Regulatory Compliance: Mortgage lending is subject to regulations. GVC Credit Union is committed to responsible lending practices and does not provide financial, tax, or legal advice. Borrowers should seek independent professional advice to assess their financial situation before committing to a mortgage. For more details or to discuss your refinancing options, contact us today.

¹ We don’t charge lender fees, which private lenders often set between 1-3% of the mortgage amount. However, a nominal documentation fee applies upon mortgage approval.
² You may skip one mortgage payment per year when needed. However, this is not recommended, as interest will continue to accrue, increasing your overall borrowing costs. Using Skip-a-Payment may significantly raise the interest you pay over the life of your mortgage, so it's important to carefully assess your financial situation before exercising this option.