• Variable Mortgage
• Closed Mortgage
• Blanket Mortgage
• Zero Down Payment
• 40 Year Mortgage
• Energy-efficient

40 Year Amortization Mortgage

Other Resources FAQ Section Visit our FAQ section for more mortgage information. Rates If you are looking for mortgage rates, click here Financial Planning Tool You can also click here to access our on-line financial planning tool.  Financial Fitness Advice from OMISTA Experts Mortgage Basics Make the Right Moves When it Comes to Your Mortgage Cottage Dreams or Financial Nightmares? Mortgage Products Variable Mortgage Closed Mortgage Blanket Mortgage Zero Down Payment Energy-efficient Mortgage Other Loan Products Personal Line of Credit Personal Loans Demand Loans Auto Loans Student Loans Commercial Loans Commercial Mortgage MasterCard® GLOBAL PAYMENT™ Cards MasterCard® Credit Cards Need more answers? Visit our contact page and submit your question through the "Who can help me?" link or call one of our financial experts at any of our three branches.

With a 40 year amortization period you can afford your first home sooner and start to build equity instead of paying rent, or even find yourself in your future dream home today.  With property values continuing to increase you can build your equity and get a great return on your investment. It’s a good investment.

As your career progresses, you can take advantage of flexible pre-payment options. When you decide you can afford to, you may increase your payments at any time and reduce your amortization period to pay your home off even quicker.

Benefits:

• Lower monthly payments
• Save money with prepayment options - pay 15% of principle once a year plus double up on your monthly payments.
• Convenient weekly or bi-weekly payment schedules can actually save thousands.
• Peace of mind with low-cost life, disability job loss and critical illness insurance for single or joint coverage.

Features:

• Flexible repayment term.
• Renewal terms of 6 months to 5 years
• Choice of Closed/Open mortgage.
• Competitive rates.
• Pre-approvals available.
• Pay 15% of principle once a year plus double up on your monthly payments.
• Semi-annual or monthly statement with a chequing account. - Financing Available: up to 100% with CMHC insurance.
• Payments via automatic transfer from OMISTA Credit Union account, or Automatic Funds Transfer from another institution.
• Property taxes: Collected and paid each year by OMISTA Credit Union on behalf of the owner.

Buying your first home? When you are approved for an OMISTA mortgage on your first home you'll receive an OMISTA Home Book - a guide to all things home. Only available while quantities last! What are some other costs you can expect when purchasing a new home?

Apply Online
If you are interested in applying for a home equity loan, personal loan, demand loan, vehicle loan, RRSP loan, mortgage, blanket mortgage, line of credit or even a student line of credit with OMISTA, please complete the following application form by clicking on the link below. An OMISTA Expert will contact you within 1-2 business days to review your application and process your request. Click here to apply.


Wise Financial Guidance To Empower you

That's our difference. Every OMISTA Credit Union product, from mortgages to chequing accounts, comes with wise financial guidance. OMISTA's Financial Service Experts provide solutions to empower you to make the best decisions for your financial future. Everyone gets an expert (Not just the rich and famous).

We’d love to hear from you, so feel free to pick up the phone or head to the branch to speak with an expert today.