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Mortgages

Personal, Agricultural, Commercial

Personal Mortgages

Whether you are buying a home for the first time or renewing your mortgage, we understand the importance of working out the best possible mortgage package, so your home or renovations are truly affordable.
  • Available for residential, agricultural or commercial properties
  • 60 Day Rate Guarantee with a pre-approved mortgage so your rate is locked in should rates increase and if rates decrease, you get the lower rate
  • Variable rate mortgages offer the advantage of prepayment at any time without penalty
  • 1 to 5 year fixed rate terms
  • 10% Prepayment privilege on fixed rate mortgages
  • 10% Payment Increased Privilege
  • Competitive interest rates
  • Personally tailored payments can be weekly, bi-weekly, monthly, etc
  • Automatic payments can be made from your Erickson Credit Union account, or electronically from another financial institution
  • Mortgage Insurance available
  • CMHC insured mortgages are also available for up to 95% of the purchase price of the residential property
  • Amortization periods up to 25 years on residential mortgages
  • Mortgages of Lease available on leased land and co-operatively owned land

 Agricultural Mortgages

  • Mortgages available to meet your long term financing requirements
  • Fixed or variable interest rates
  • Flexible prepayment privileges
  • Up to 20 year amortizations
  • Payment schedules based on your cashflow
  • Competitive interest rates
  • Key-man life insurance available
  • Government Guaranteed Loan Programs available

 Commercial Mortgages

  • Mortgages available to meet your long term financing requirements.
  • Fixed or variable interest rates
  • Flexible prepayment privileges
  • Up to 20 year amortizations
  • Payment schedules based on your cashflow
  • Competitive interest rates
  • Key-man life insurance available
  • Mortgages of lease available on leased land
  • Government Guaranteed Loan Programs available

 

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Vehicle Financing rates as low as 3.15% Contact our Lenders for more details!

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