Product Details...

• 5-Year Closed Term
• Current lenders prime minus 0.6%
• Convert anytime without penalty to a fixed term of 4 or 5 years**.
• Semi-annual compounding
• Payment Adjusted Monthly (payment set at prime minus 6%)
• Pay Weekly, Biweekly, or Monthly
• Increase payment by 15%*** per year, double up payments and prepay up to 15% of the original balance every calendar year
• Penalty for repayment is 3 months penalty interest at anytime during the 5-year term

For a visual of how a variable mortgage rate tied to prime may be more advantageous than a fixed rate mortgage please follow link Mortgage Rates vs Prime Rate.pdf 

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.


*Underwritten and administered by a third party. **Mortgagor is required to finish out the initial 5 year term. ***Principle and interest only.