† * 1.74% APR and 1.79% APR on 3 and 5 Year High Ratio Fixed Closed Mortgage: Applicable for a High Ratio Mortgage where a borrower places a down payment of less than 20% of the purchase price on a home. Maximum property value of $1,000,000. Applies to owner-occupied residential properties only. Blend & Extends as well as Refinances are not eligible.  

To be eligible, applicants must purchase and qualify for mortgage default insurance. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. 

Special promotional rates may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate 1.74% APR and 1.79% APR respectively. Rates calculated semi-annually not in advance. Maximum amortization of 25 years. Funds must be advanced within 120 days of application. Some conditions apply. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day’s date.

Note: The cost of default insurance is subject to change if the purchase price or appraised value, the amount of down payment or the amortization changes. The final premium and the cost of your mortgage default insurance will be disclosed in your mortgage commitment/loan document.

1.99% APR 5 Year Fixed Closed Mortgage: Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate 1.99%. Rates calculated semi-annually not in advance. Maximum Amortization of 25 years. Maximum property value of $1,000,000. Funds must be advanced within 120 days of application. Applies to owner-occupied residential properties only. Some conditions apply. 

The Financial Services Regulatory Authority of Ontario's (FSRA), formerly DICO, provides deposit protection for all eligible deposits held at Ontario credit unions. This deposit insurance is part of comprehensive depositior protection program for all Ontario credit unions and is backed by provincial legislation. Subject to coverage limits, eligible deposits held with FSRA member institutions are automatically insured; you do not have to apply for coverage. For further information on deposit insurance, please ask for a brochure at the credit union or visit the FSRA’s website at www.fsrao.ca/

† * 1.74% APR and 1.79% APR on 3 and 5 Year High Ratio Fixed Closed Mortgage: Applicable for a High Ratio Mortgage where a borrower places a down payment of less than 20% of the purchase price on a home. Maximum property value of $1,000,000. Applies to owner-occupied residential properties only. Blend & Extends as well as Refinances are not eligible.  

To be eligible, applicants must purchase and qualify for mortgage default insurance. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. 

Special promotional rates may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate 1.74% APR and 1.79% APR respectively. Rates calculated semi-annually not in advance. Maximum amortization of 25 years. Funds must be advanced within 120 days of application. Some conditions apply. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day’s date.

Note: The cost of default insurance is subject to change if the purchase price or appraised value, the amount of down payment or the amortization changes. The final premium and the cost of your mortgage default insurance will be disclosed in your mortgage commitment/loan document.

1.99% APR 5 Year Fixed Closed Mortgage: Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate 1.99%. Rates calculated semi-annually not in advance. Maximum Amortization of 25 years. Maximum property value of $1,000,000. Funds must be advanced within 120 days of application. Applies to owner-occupied residential properties only. Some conditions apply. 

Alterna Savings is a local cooperative credit society and a member of the Deposit Insurance Corporation of Ontario. 


Discover the Good in Banking

  • Competitive rates - no need for shopping around.
  • Transparent mortgage rate pricing.
  • Even if interest rates rise, you’ll get the rate we agreed on with our 120-day rate or variance guarantee*.

Get a great rate

Pay off your mortgage sooner

  • Take advantage of flexible payment schedules.
  • Save more with generous prepayment privileges.

Get great advice

  • Get personalized advice and avoid common pitfalls at no cost or obligation to you.

Choose the right mortgage for you

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Whether you’re buying your first home, an investment property or a vacation property, we’ve got everything you need to know.

Whether you’re buying your first home, an investment property or a vacation property, we’ve got everything you need to know.

Find out how transferring your mortgage can help you get a better rate and become mortgage-free faster. It’s easier than you might think!

Find out how transferring your mortgage can help you get a better rate and become mortgage-free faster. It’s easier than you might think!

Renew your existing mortgage with us or access the equity in your home.

Renew your existing mortgage with us or access the equity in your home.

Discover the 

Good in Banking  

Get a great rate

  • Competitive rates - no need for shopping around.
  • Transparent mortgage rate pricing.
  • Even if interest rates rise, you’ll get the rate we agreed on with our 120-day rate or variance guarantee*.

Pay off your mortgage sooner

  • Take advantage of flexible payment schedules.
  • Save more with generous prepayment privileges.

Get great advice

  • Get personalized advice and avoid common pitfalls at no cost or obligation to you.

I want to...

Congratulations! You are about to embark on what will likely be one of the biggest purchases of your life—buying your first home! This journey is an exciting one and we’re here to help.

Call 1-877-560-0100Book an Appointment

Discover the Good in Banking

  • Competitive rates - no need for shopping around.
  • Transparent mortgage rate pricing.
  • Even if interest rates rise, you’ll get the rate we agreed on with our 120-day rate or variance guarantee*.

Get a great rate

Pay off your mortgage sooner

  • Take advantage of flexible payment schedules.
  • Save more with generous prepayment privileges.

Get great advise

  • Get personalized advice and avoid common pitfalls at no cost or obligation to you.

Are you a first time home buyer?

Congratulations! You are about to embark on what will likely be one of the biggest purchases of your life—buying your first home! This journey is an exciting one and we’re eager to help make owning your first home as easy as possible.

Learn More

Discover the Good in Banking

  • Competitive rates - no need for shopping around.
  • Transparent mortgage rate pricing.
  • Even if interest rates rise, you’ll get the rate we agreed on with our 120-day rate or variance guarantee*.

Get a great rate

Pay off your mortgage sooner

  • Take advantage of flexible payment schedules.
  • Save more with generous prepayment privileges.

Get great advise

  • Get personalized advice and avoid common pitfalls at no cost or obligation to you.

The Mortgage Affordability Calculator helps you to determine how much you can borrow. The Mortgage Payment Calculator estimates the amount of a mortgage payment and generates an amortization schedule for payments. The Mortgage Comparison Calculator establishes which mortgage product is right for you.

Congratulations! You are about to embark on what will likely be one of the biggest purchases of your life—buying your first home! This journey is an exciting one and we’re here to help.

Call 1-877-560-0100Book an Appointment

The Mortgage Affordability Calculator helps you to determine how much you can borrow. The Mortgage Payment Calculator estimates the amount of a mortgage payment and generates an amortization schedule for payments. The Mortgage Comparison Calculator establishes which mortgage product is right for you. 

Discover the 

Good in Banking  

Get a great rate

  • Competitive rates - no need for shopping around.
  • Transparent mortgage rate pricing.
  • Even if interest rates rise, you’ll get the rate we agreed on with our 120-day rate or variance guarantee*.

Pay off your mortgage sooner

  • Take advantage of flexible payment schedules.
  • Save more with generous prepayment privileges.

Get great advice

  • Get personalized advice and avoid common pitfalls at no cost or obligation to you.

I want to...

Call 1-877-560-0100

Get in touch with us today

Articles

Book an Appointment

Get in touch with us today

Articles

Call 1-877-560-0100Book an Appointment

The Mortgage Affordability Calculator helps you to determine how much you can borrow. The Mortgage Payment Calculator estimates the amount of a mortgage payment and generates an amortization schedule for payments. The Mortgage Comparison Calculator establishes which mortgage product is right for you. 

Discover the 

Good in Banking  

Get a great rate

  • Competitive rates - no need for shopping around.
  • Transparent mortgage rate pricing.
  • Even if interest rates rise, you’ll get the rate we agreed on with our 120-day rate or variance guarantee*.

Pay off your mortgage sooner

  • Take advantage of flexible payment schedules.
  • Save more with generous prepayment privileges.

Get great advice

  • Get personalized advice and avoid common pitfalls at no cost or obligation to you.

I want to...

Congratulations! You are about to embark on what will likely be one of the biggest purchases of your life—buying your first home! This journey is an exciting one and we’re here to help.

Unscary Mortgage Contest 

Alterna is committed to finding you a mortgage solution that will meet your specific financial needs. 

CHANCE TO WIN 

$150,000 CASH PRIZE

Call 1-877-560-0100Book an Appointment

 

Congratulations! You are about to embark on what will likely be one of the biggest purchases of your life—buying your first home! This journey is an exciting one and we’re here to help.

Call 1-877-560-0100Book an Appointment

 Get in touch with us today!

Choose the right mortgage for you

Choose the right mortgage for you

I want to...

Congratulations! You are about to embark on what will likely be one of the biggest purchases of your life—buying your first home! This journey is an exciting one and we’re here to help.

Call 1-877-560-0100Book an Appointment
Call 1-877-560-0100Book an Appointment

Getting a mortgage isn't as scary as you think.

Getting a mortgage isn't as scary as you think.