Pay down your mortgage faster

With our new HeadStart mortgage, pay only 1.99%* in the first year of your mortgage

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HOW THIS WORKS

As long as your down payment is less than 20%, you’re eligible!

Not only do you only pay 1.99% in the first year of your mortgage, but the difference is paid out in a bonus right off the hop! How else can we expect first-time home buyers in Niagara to get into this crazy real estate market?

You might be asking yourself, doesn’t that mean PenFinancial would make less money off my mortgage? Yes…yes it does, but we’re okay with that to give you a HeadStart.

This offer also pairs well with the new First Time Homebuyers Incentive from the Goverment of Canada (check out our video to learn more about how it works).

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FEATURED RATES

A mortgage is about more than just a rate (even though ours are some of the best in the market), it’s about building your home and your future. And with 10% of pre-tax profits being donated right back into Niagara fighting issues like poverty and homelessness, it’s a different way to do banking all together.
All mortgage rates >

3 YEAR FIXED

2.59%

HIGH RATIO*

5 YEAR FIXED

2.74%

HIGH RATIO*

5 YEAR FIXED

2.94%

FEATURED*

First Time Home Buyer? Pair this offer with government incentives

Looking to buy your first home? You aren’t alone. Young people all over Canada are looking for a way to move on up from basement rentals. But, like many Millennials, you’re probably on a tight budget. Well, this is your lucky year! In its 2019 federal budget, the Government of Canada announced a way to help you: the First Time Home Buyer Incentive.

LEARN MORE ABOUT FTHBI

Ready to connect with an advisor?

So, you’re interested in a mortgage with Niagara’s Truly Local Credit Union – send us a message, book an appointment online, or call one of our 8 branches, and we’ll have an advisor reach out to help you hit your financial goals.

Free money is sweeeet!

If you’re already enjoying the PenFi difference, you know that Niagara’s Truly Local Credit Union treats every member with the advice they’ve come to know and the love and the respect they deserve.

Here’s how it works: Refer a friend, neighbour, family member, or the guy you work with that’s always complaining about his bank. When your friend becomes a member and opens a new loan, mortgage, or invests with us, they’ll get a cash reward and you’ll get one to match.

REFER A FRIEND

Mortgage Referral

$250 Cash Reward

When you get a new mortgage with PenFinancial, both you and the friend or family member who referred you will receive a $2501 cash reward! Whether you are new to the area, or a proud Niagara lifer, we’d be happy to help finance your home.

*Offer available for high ratio mortgage loans with 5-year terms. Application must be submitted by December 1, 2019 to qualify.  Qualifying clients will receive the equivalent of .80 as a cash bonus paid to the principal after closing and within 4 weeks after funding. Other conditions and restrictions apply. Ask us for details. Offer ends December 1, 2019. Offer subject to credit approval and may be changed, withdrawn or extended at any time, without notice.  Offer is available to new and existing high ratio insured mortgages. The rate shown is a qualified Annual Percentage Rate (APR) OAC, high ratio mortgage, and a 5-year term.  Rates shown for the applicable term are PenFinancial’s special discounted rates and are not posted rates. Offer may be changed, withdrawn or extended at any time, without notice.

Example: The rate shown is a qualified Annual Percentage Rate (APR) OAC, high ratio mortgage, and a 5-year term.  Rates shown for the applicable term are PenFinancial’s special discounted rates and are not posted rates. Cash bonus example: $300,000.00 mortgage, 5-year term = $2400.00 cash bonus paid to principal at member qualified rate of 2.79.  Offer may be changed, withdrawn or extended at any time, without notice.