Terms and Conditions
Mortgage Switch Offer

  1. Offer limited to properties located in Saskatchewan.
  2. Offer available on a transfer of an existing owner-occupied primary residence, owner-occupied residential acreage, vacation home, residential revenue property, bare land, agriculture acreages, home-quarter land, or leased land (must be owner-occupied primary residence or vacation home with  acceptable lease agreements.) with a mortgage held with another lender to Affinity Credit Union. It is not available for any amendment to an existing mortgage with Affinity Credit Union, including a portability transaction or an advance of additional funds or a renewal. Not available on construction-draw mortgages.
  3. Minimum principal amount of $200,000. Must choose a closed, fixed-rate mortgage product or a closed, variable rate mortgage, with a minimum term of three years.
  4. Mortgage payment must come from an Affinity Credit Union chequing account.
  5. The offer cannot be combined or used in conjunction with any other special offers, with the exception of Affinity Credit Union rate specials.
  6. Affinity Credit Union will pay, when applicable, the basic title insurance fee, processing fee, legal fee (if applicable), appraisal fee (if applicable) and discharge fees, up to $1,750 in maximum fees. Offer excludes mortgage pre-payment charges (“breakage fees”) that you may have to pay to your existing lender.
  7. If the transferred-in mortgage term is broken prior to the required three-year period described in Section 3 above, switching fees that Affinity Credit Union incurred for that mortgage must be repaid by the mortgage holder and shall be paid within thirty (30) days of the mortgage transfer.  Exceptions include breaking a term to pursue another mortgage with Affinity Credit Union.
  8. Personal lending products and owner occupied mortgages offered by Affinity Credit Union are subject to its standard lending criteria.
  9. Offer may be withdrawn or amended without notice at any time. Other terms and conditions may apply.