1. NO PREPAYMENT PENALTY
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Save money by paying off your mortgage more quickly with either a lump sum payment or by increasing the amount or frequency of payments... all without penalty. When you pay out your mortgage with funds from your own resources, like the sale of your home, there is no mortgage payout penalty. |
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2. EASY MORTGAGE TRANSFER
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It's easy to transfer your existing residential mortgage and take advantage of the benefits of a mortgage with us. Ask to meet with one of our experienced mortgage professionals and they will work with you through the entire process. We make it simple! |
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3. MORTGAGE PORTABILITY
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You may be able to transfer the outstanding balance and the advantage of your Encompass Mortage from one home to another within the province of Alberta. If you are a military member or a member of the RCMP, you may be able to continue with the same interest rate, term and payments when you relocate. |
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4. FLEXIBLE PAYMENT OPTIONS
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You can choose from monthly, semi-monthly, bi-weekly and weekly payment options to fit your schedule and lifestyle. You can also decide to increase your payment if you'd like to pay your mortgage off more quickly. |
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5. PROPERTY TAX CONVENIENCE
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At your request, we will include an amount to cover your property taxes in your payment. The tax portion of your payment will accumulate in a special account, earning interest, and are remitted to the municipal tax authority when they are due. You never need to worry about saving to pay them - or even remember to do it! |
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6. COMPETITIVE INTEREST RATE OPTIONS
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You can count on us to offer a variety of competitive interest rate options. The choices range from the flexibility of a short term open mortgage to your choice of fixed rate options from one to five years. Our variable interest rate morgage is based on the credit union prime lending rate. You can decide on a five-year term with a capped rate or enjoy the ability to convert to a fixed rate at any time. |
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7. YOUR MORTGAGE CAN BE PROTECTED
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You can have peace of mind when you make sure your outstanding mortgage balance is protected by life and disability insurances offered through an affordable group policy. Insuring your mortgage is an advantage and will help you protect your loved ones from unexpected events. |
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8. APPROVED LENDER
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Your credit union is an approved lender with Canada Mortgage and Housing Corporation (CMHC) and Genworth. |
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9. MORTGAGE PRE-APPROVAL
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Before you actually start looking for a home, you can meet with one of our trained mortgage professionals to discuss a mortgage. Once we have completed the mortgage pre-approval process, you can shop for your new home, confident that your funding is already in place. |
