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Mortgages

 

The path to home ownership is closer than you think

We offer competitive mortgage rates , flexible terms and something you can’t buy — the time it takes and a friendly face to help you fully understand what you need. Plus, we’ll cover the cost of the Encompass Home System Warranty Program for the first year.

We want you to find a mortgage you can live with, because at FirstOntario, we’re more than your financial institution, we’re also your neighbour. Our Member Solutions Team is a great remote option if you would like to apply for a mortgage over the phone.

 

Learn about mortgages

 

Features of our Mortgages

Ribbon Rosette and House

90-day rate guarantee

Know that your pre-approved rate won't change while house hunting.

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The right rates for you

Choose between a fixed and variable rate mortgage.

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​​Prepayment options

Prepay up to 20% of your principal annually, without penalty.

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Payment flexibility

Choose weekly, bi-weekly, monthly or accelerated payments.

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Skip a payment

In a bind? You have the option to skip a payment once a year (conditions apply).

Umbrella and House

Mortgage protection insurance

Protect yourself and your family with mortgage insurance at low rates.

Variable Mortgage Rates

List of rates for VARIABLE RATE MORTGAGES*
VARIABLE RATE MORTGAGES* Rate
5-year open
8.70
5-year closed
7.00

Fixed Mortgage Rates

List of rates for FIXED MORTGAGE RATES*
FIXED MORTGAGE RATES* Rate
6-month convertible closed
8.74
6-month open
10.49
1-year closed
7.39
1-year open
10.49
2-year closed
7.29
3-year closed
6.89
4-year closed
6.39
5-year closed
6.24
7-year closed
6.69
10-year closed
7.09
 
  1. Annual Percentage Rate (APR). Rates are subject to change at any time. Conditions apply.
  2. Applications are subject to credit approval.
  3. Underwriting conditions apply.
  4. Must be a member of FirstOntario Credit Union.

Mortgage Calculator

Our Member Solutions Team can help with mortgages over the phone

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*Annual Percentage Rate (APR). Rates are subject to change at any time. Conditions apply.

 

Take a look at...

Home Equity Line of Credit

Use your home equity as security and lock in our lowest rates. 

Encompass Home System Warranty Program

Get protection against the expense of home repair costs.

RRSPs

Your retirement savings will grow tax-free with a Registered Retirement Savings Plan.