Mortgages
Apply Online:
Whether you are looking for a mortgage product that provides flexible options or a straightforward mortgage with the lowest rate available, Affinity has the solution for you. In addition to traditional mortgages, Affinity also offers various other mortgage options to fit your unique needs.
AffinityEQ
Borrowing power with your home equity.
Paying toward your mortgage can now pay you rewards too! With AffinityEQ, your home’s current equity (providing it’s 20% or more of the value) can be calculated to become a line of credit or a number of loans, allowing you the freedom to do the things you want and get the things you need.
The advantage: Your line of credit or loans are at mortgage rates - that means the best loan rates you can get!
- Customize to suit you, like using the “rebalancing” feature: it automatically increases your AffinityEQ line of credit as you pay down your mortgage balance.
- Save on interest costs - the interest on your AffinityEQ loan(s) is set at mortgage rates, better than typical consumer loan rates.
- Borrow up to 80% of your appraised home value (some conditions apply), and enjoy:
- pre-approval freedom - no further applications or approvals required.
- no fee to apply.
- no pre-payment penalties on lines of credit.
CUFlex Mortgage
The ultimate flexibility in a mortgage.
The advantage: You pay your way - make payments to your mortgage when you want, and for as much as you want.
- No limits, no blackouts, and no restrictions. You can:
- pre-pay without penalty (some conditions apply )
- skip a payment
- make extra payments
- take a break from payments (up to 4 months)
- 30 year amortizations allowed.
- No annual fees.
Straight Rate Mortgage
The straightforward, low-rate mortgage.
The advantage: Get the lowest rate possible.
The Straight Rate mortgage is a product that is just that – straight up. No extras, no special features, no add-ons. Just the best rate you can have in a simple contract. Choose from 3 to 5 year terms, and don't pay any annual fee. And that’s the straight goods.
Variable Mortgage
The low-rate-advantage mortgage.
The advantage: Pay off more on your principle, quicker.
The Variable Mortgage’s interest rate is based on the prime lending rate. When the rates are low, more of your regular payment goes toward the principle, not interest, so your overall balance decreases faster. Since you’re not locked in, you have the flexibility to convert your mortgage to a fixed rate product at any time.
Mortgage Quickline
The low-maintenance mortgage.
The advantage: Low payments, low interest, and flexible pay-back schedule.
The Mortgage Quickline is a line of credit based on the equity in your home. That’s a readvanceable loan that’s quick to access - one phone call has the funds you need sent directly to your chequing account. And the best part is the repayment - only the interest is initially required; the principle can be made at any time without penalty.
- One-time approval
- Quick access
- Most flexible payment terms.
Affinity Housing Initiative
The project that makes purchasing a home a possibility.
Read more on Affinity Credit Union's initiative with the City of Saskatoon