Enjoy member-preferred rates and a cash bonus of up to $4,500* with a SASCU mortgage as a first-time home buyer.
We’re here for you every step of the way, with local advice, quick approvals, and personalized support.
Enjoy this limited-time cash back offer on a new mortgage with us. Switching from another financial institution? Yes, you qualify.
3 Year Closed - Insured
3 Year Closed
5 Year Closed - Insured
5 Year Closed
We don't see mortgages as transactional. We see the big picture before and after you purchase a home, and will support you to make the right choices for financial wellness in the long run.
First home? Know your options >
Our local team of advisors are committed to guiding and supporting every milestone with you. We’re always happy to chat and give you the advice you need to make the best decision for your long term financial health. Get comfortable talking mortgages but trying out our mortgage calculator! Not necessary though.
PRO TIP! Get pre-approved. Be able to act fast if you need to, with confidence in your most competitive offer.
Whether you're looking to refinance your term, lower your interest rate, or take advantage of our flexible mortgage options, we help you make the right move.
Get in touch with one of our advisors today and start saving sooner with a better rate and personalized support every step of the way.
Take control of your finances and gain peace of mind knowing you're prepared for life's milestones.
Learn more about owning a home and reach out to us for guidance on starting your home ownership journey.
Get started on your mortgage application with the personalized support of a SASCU advisor.
A mortgage is a loan you can borrow from a financial institution or private lenders to finance the purchase of a home or any other real estate.
You agree to repay the loan borrowed on agreed terms including interest rate, payment amount, and timeline.
Your home act as a collateral, your lender has the legal right to take possession of your home and sell it to recover the money owed.
In open mortgage, you can repay all or a part of your mortgage at any time during the term without paying any prepayment charge. Open mortgage usually has higher interest rates than closed mortgage. But open mortgage provides you the flexibility until you are certain to lock into closed mortgage.
In closed mortgage you are bounded by the payment terms for the entire term and not allowed to prepay the mortgage. Closed mortgage offers lower interest rates as compared to open mortgage. In most cases the interest savings of a closed mortgage outweighs the flexibility of an open mortgage.
If you have a fixed-rate mortgage, your interest rate and monthly payments are locked in for the term of your mortgage unaffected by any change in SASCU Prime Rate.
If you have a variable-rate mortgage, your interest rate will fluctuate with the SASCU Prime Rate. Your mortgage agreement explains how and when your interest rate will change. Your monthly payment amount may stay the same. But if interest rates go down, more portion of your monthly payment will go towards paying down the principal. If interest rate goes up, more portion of your monthly payment goes towards the interest.
Yes, SASCU has several online resources including calculators to help you start with your mortgage process.
We’ll help you with switching your mortgage to SASCU by contacting your existing lender and fill out the paperwork for you.
Apply for mortgage with SASCU is easy and simple. Go to Online Mortgage Application to get your application started.
Try out our Mortgage Affordability Calculator to know how much you can afford for your mortgage.
Minimum down payment requirements vary depending on where you live in Canada. They range from 5% to 20% of your property’s appraised value.
every step of the way.
