More people get approved for a mortgage with YNCU

Mortgage rates and approval
All interest rates shown are annual rates and are subject to change without notice. Mortgages are subject to credit approval and YNCU’s lending criteria. Your available rate and terms depend on the mortgage product, your financial circumstances, the property and applicable eligibility requirements. Fees and charges may apply. The annual percentage rate (APR) may differ from the advertised interest rate.

5-year convertible variable mortgage
The advertised 4.05% annual variable rate applies to eligible five-year closed, high-ratio mortgages. The interest rate varies with YNCU’s prime rate and is not guaranteed for the full term. Conversion to a fixed-rate mortgage is subject to your mortgage agreement, eligible terms and the fixed rates available when you convert.

High-ratio fixed mortgages
Advertised high-ratio fixed rates apply to eligible insured mortgages. Mortgage default insurance is required, and insurance premiums may increase your total borrowing cost. The approved fixed interest rate remains in effect for the mortgage term.

Payroll mortgage rate discount
A mortgage rate discount of 0.10 percentage points is available to qualifying members on eligible mortgages, subject to the applicable offer terms. Membership, payroll deposit, application and funding requirements apply. Eligibility, discount duration and whether the discount can be combined with other offers must be confirmed with YNCU.

Chequing account benefit
The chequing account benefit is subject to the eligibility requirements and terms of the applicable account. A monthly account fee waiver does not necessarily cover additional services or non-standard transactions. See YNCU’s current Fee Schedule for applicable charges.

Mortgage calculators
Calculator results are estimates for illustration only and do not constitute a mortg